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 firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally adjusted diffusion index for unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 5.8 in February 2026, versus 0.6 in January.
Sample. There are 261 records in the monthly series displayed in the plot above. The series covers the time period going from June 2004 to February 2026.
History. Here's a peek at a few descriptive statistics we computed on the entire sample: the diffusion index achieved a maximum of 24.1 in June 2018; it registered a minimum of -21.9 in December 2008; it averaged 2.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 1.7 |
| 2026-01-31 | 0.6 |
| 2026-02-28 | 5.8 |
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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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