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. Based on a sample of manufacturing firms surveyed by the Fed, the seasonally adjusted diffusion index for wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) was 20.8 in October 2026, compared to 27.4 in September.
Sample. In this monthly series, there are a total of 269 data points. The span of time covered by the series stretches from June 2004 to October 2026.
History. Here's a glimpse of some descriptive statistics calculated on the full sample: the diffusion index averaged 21.1; it recorded its maximum of 55.1 in March 2022; it reached its minimum of -9.0 in March 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 21.1000 |
| 2026-09-30 | 27.4000 |
| 2026-10-31 | 20.8000 |
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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
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