Texas Manufacturing Outlook Survey: Wages and benefits: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - 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 adjusted diffusion index for wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) was 15.4 in November 2025, versus 14.2 in October 2025.
Sample. In this monthly time series, there are a total of 258 records. The series covers the time period stretching from June 2004 to November 2025.
History. Have a look at a few simple statistics we computed on the entire sample: the diffusion index hit a maximum of 55.0 in March 2022; it hit a minimum of -9.2 in March 2009; it had a mean of 21.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 15.9 |
| 2025-10-31 | 14.2 |
| 2025-11-30 | 15.4 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did wages and benefits increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| 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
Discover the other time series included in this data set.