Texas Manufacturing Outlook Survey: Unfilled orders: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 9.7 in February 2026, compared to 5.2 in the previous month.
Sample. In this monthly time series, there are 260 records. The period covered by the series is from June 2004 to February 2026.
History. Take a look at some statistics calculated on the entire sample: the diffusion index averaged 2.7; it reached its maximum of 22.8 in February 2018; it reached its lowest level of -24.7 in June 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 4.2 |
| 2026-01-31 | 5.2 |
| 2026-02-28 | 9.7 |
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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 | No |
| 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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