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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 20.8 in January 2026, compared to 20.2 in December 2025.
Sample. The monthly time series presented in the plot has 259 data points in total. The series covers the span of time going from June 2004 to January 2026.
History. Take a look at some statistics we computed on the full sample: the diffusion index attained a maximum of 56.8 in March 2022; it reached its lowest level of -7.8 in March 2009; it had a mean of 21.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 12.8 |
| 2025-12-31 | 20.2 |
| 2026-01-31 | 20.8 |
Heads-up. Our metadata often comprise links to the original sources of the data we provide. You can use these links to search for additional information needed in your research.
Not for investment purposes. Data series and other information provided on FetchSeries are not suitable for investment purposes or as a basis for financial-decision making. Users should obtain expert advice and perform independent analysis before making any financial commitments.
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) |
Series in the same data set
Discover the other time series included in this data set.