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 survey data about manufacturers based 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 46.7 in October 2026, versus 48.3 in September 2026.
Sample. The monthly series shown in the graph has a total of 269 data points. The period covered by the series extends from June 2004 to October 2026.
History. Here's a snapshot of some statistics we calculated on the entire sample: the diffusion index had an average value of 39.1; it hit a minimum of 0.7 in April 2020; it reached a maximum of 73.9 in February 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 46.9000 |
| 2026-09-30 | 48.3000 |
| 2026-10-31 | 46.7000 |
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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
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