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 firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 5.2 in January 2026, compared to 4.2 in December 2025.
Sample. There are 259 observations overall in the monthly time series presented in the plot above. The time range covered by the series extends from June 2004 to January 2026.
History. Check out some summary statistics we calculated on the whole sample: the diffusion index attained a maximum of 22.8 in February 2018; it registered a minimum of -24.7 in June 2022; it had a mean value of 2.6.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 1.5 |
| 2025-12-31 | 4.2 |
| 2026-01-31 | 5.2 |
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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) |
Series in the same data set
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