Texas Manufacturing Outlook Survey: Unfilled orders: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly
This series is part of the dataset: Texas Manufacturing Outlook Survey (Dallas FED)
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in Texas, the seasonally adjusted diffusion index for unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) was -0.5 in November 2025, compared to -8.9 in October 2025.
Sample. There are 258 observations in the monthly series displayed in the figure above. The time period covered by the series stretches from June 2004 to November 2025.
History. Here's a snapshot of some summary statistics calculated on the entire sample: the diffusion index averaged 2.7; it recorded a maximum of 23.8 in June 2018; it recorded a bottom of -21.9 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | -0.8 |
| 2025-10-31 | -8.9 |
| 2025-11-30 | -0.5 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will unfilled orders increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Dallas |
| Source type | Central bank |
| Data licence | Not copyrightable under U.S. law |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
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