Texas Manufacturing Outlook Survey: Wages and benefits: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - 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 adjusted diffusion index for wages and benefits (share of CEOs seeing a future increase minus share reporting a decrease) stood at 41.7 in February 2026, compared to 32.0 in January 2026.
Sample. In the monthly series plotted above, there are a total of 261 observations. The period covered by the series stretches from June 2004 to February 2026.
History. Have a look at a few simple statistics we calculated on the entire sample: the diffusion index reached a minimum of 0.7 in April 2020; it achieved a maximum of 73.9 in February 2022; it averaged 39.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 41.3 |
| 2026-01-31 | 32.0 |
| 2026-02-28 | 41.7 |
Heads-up. One of the advantages of using FetchSeries is that we provide accurate metadata. Check it below to delve deeper into the properties of the time series that you use in your research.
Not for investment purposes. Data disseminated on FetchSeries are not not supposed to be used for investment purposes or as a basis for financial-decision making. Users should obtain expert advice and perform independent analysis before taking any financial risk.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will wages and benefits increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| 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.