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 10.6 in August 2026, compared to 9.8 in July 2026.
Sample. There are 266 records overall in the monthly time series presented in the chart above. The series covers the time span stretching from June 2004 to August 2026.
History. Here's a glimpse of some summary statistics we computed on the whole sample: the diffusion index reached its highest level of 22.8 in February 2018; it registered a minimum of -24.7 in June 2022; it averaged 2.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 0.0 |
| 2026-07-31 | 9.8 |
| 2026-08-31 | 10.6 |
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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 | 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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