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 31.9 in February 2026, compared to 17.4 in January 2026.
Sample. There are 261 data points overall in the monthly time series presented in the graph above. The series covers the time span going from June 2004 to February 2026.
History. Here’s a quick look at a few simple statistics we calculated on the whole sample: the diffusion index had a mean value of 21.0; it hit a peak of 55.1 in March 2022; it reached its minimum of -9.0 in March 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 21.7 |
| 2026-01-31 | 17.4 |
| 2026-02-28 | 31.9 |
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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.