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 25.3 in May 2026, as in the previous month.
Sample. In this monthly time series, there are 263 observations. The series covers the time period going from June 2004 to May 2026.
History. Here's a glimpse of a few summary statistics we calculated on the whole sample: the diffusion index hit a trough of -7.8 in March 2009; it reached its maximum of 56.8 in March 2022; it averaged 21.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-03-31 | 26.6 |
| 2026-04-30 | 25.3 |
| 2026-05-31 | 25.3 |
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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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