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 recent survey data about manufacturing firms in Texas, the seasonally unadjusted diffusion index for wages and benefits (share of CEOs seeing a recent increase minus share reporting a decrease) was 12.4 in October 2025, compared to 13.9 in September.
Sample. In the monthly series presented in the chart, there are 256 data points. The series covers the time span going from June 2004 to October 2025.
History. Here’s a quick look at some statistics computed on the whole sample: the diffusion index averaged 21.0; it recorded a bottom of -7.8 in March 2009; it reached a maximum of 56.8 in March 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 14.7 |
| 2025-09-30 | 13.9 |
| 2025-10-31 | 12.4 |
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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) |