Texas Manufacturing Outlook Survey: Wages and benefits: Current (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 wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) was 20.3 in August 2026, compared to 33.3 in July 2026.
Sample. There are 266 observations in the monthly series presented in the plot above. The series covers the time period extending from June 2004 to August 2026.
History. Here are a few simple statistics calculated on the entire sample: the diffusion index reached a trough of -7.8 in March 2009; it hit a peak of 56.8 in March 2022; it had an average value of 21.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 26.6 |
| 2026-07-31 | 33.3 |
| 2026-08-31 | 20.3 |
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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 | 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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