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 6.3 in April 2026, compared to 1.3 in March 2026.
Sample. There are 262 records overall in the monthly time series displayed in the chart above. The time range covered by the series stretches from June 2004 to April 2026.
History. Here's a snapshot of some descriptive statistics we computed on the whole sample: the diffusion index had an average value of 2.7; it recorded a minimum of -24.7 in June 2022; it reached a maximum of 22.8 in February 2018.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-28 | 9.7 |
| 2026-03-31 | 1.3 |
| 2026-04-30 | 6.3 |
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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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