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 based in Texas, the seasonally adjusted diffusion index for unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) was 0.6 in January 2026, compared to 1.7 in December 2025.
Sample. This monthly time series has 260 records in total. The series covers the time range going from June 2004 to January 2026.
History. Here's a snapshot of a few simple statistics computed on the full sample: the diffusion index reached its highest level of 24.1 in June 2018; it hit a minimum of -21.9 in December 2008; it had a mean value of 2.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | -0.5 |
| 2025-12-31 | 1.7 |
| 2026-01-31 | 0.6 |
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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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