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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) was 6.0 in April 2026, compared to -0.7 in the previous month.
Sample. There are 263 records overall in the monthly series displayed in the chart above. The series covers the time span extending from June 2004 to April 2026.
History. Here's a glimpse of some simple statistics we computed on the full sample: the diffusion index recorded a minimum of -21.9 in December 2008; it recorded a maximum of 24.1 in June 2018; it had a mean of 2.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-28 | 5.8 |
| 2026-03-31 | -0.7 |
| 2026-04-30 | 6.0 |
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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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