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. According to survey data about manufacturers based in Texas, the seasonally unadjusted diffusion index for unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) was 1.5 in November 2025, compared to -10.3 in the previous month.
Sample. This monthly series has 257 records. The series covers the time range stretching from June 2004 to November 2025.
History. Here are some descriptive statistics we calculated on the entire sample: the diffusion index had a mean value of 2.6; it reached a trough of -24.7 in June 2022; it recorded its maximum of 22.8 in February 2018.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | -4.4 |
| 2025-10-31 | -10.3 |
| 2025-11-30 | 1.5 |
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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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