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 survey data about manufacturers collected by the Federal Reserve in Texas, the seasonally adjusted diffusion index for unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) was -8.9 in October 2025, versus -0.8 in September.
Sample. There are 257 data points overall in the monthly series presented in the plot above. The series covers the period stretching from June 2004 to October 2025.
History. Check out a few summary statistics computed on the entire sample: the diffusion index had an average value of 2.7; it hit a maximum of 23.8 in June 2018; it hit a minimum of -21.9 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 11.6 |
| 2025-09-30 | -0.8 |
| 2025-10-31 | -8.9 |
Tip. For easier exploration, we group time series into data sets and worksheets. Scrolling downwards, you will find how we structured further information linked to the statistics found here.
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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) |