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 firms' responses to the Texas Manufacturing Outlook Survey carried out by the Dallas FED, the seasonally unadjusted diffusion index for wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 12.8 in November 2025, compared to 12.4 in October.
Sample. This monthly series has 257 records in total. The series covers the time period going from June 2004 to November 2025.
History. Here's a glimpse of some simple statistics we calculated on the full sample: the diffusion index registered a minimum of -7.8 in March 2009; it recorded its highest level of 56.8 in March 2022; it had an average value of 21.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 13.9 |
| 2025-10-31 | 12.4 |
| 2025-11-30 | 12.8 |
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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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