Texas Service Sector Outlook Survey: Capital expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Dallas FED - Monthly
This series is part of the dataset: Texas Service Sector Outlook Survey (Dallas FED)
Download Full Dataset (.xlsx)Latest updates. Based on a sample of service-sector firms surveyed by the Fed, the seasonally adjusted diffusion index for capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 10.5 in September 2026, versus 6.0 in August 2026.
Sample. This monthly time series has 237 data points. The time period covered by the series is from January 2007 to September 2026.
History. Here's a glimpse of some summary statistics we calculated on the full sample: the diffusion index reached its highest level of 25.5 in May 2007; it reached a minimum of -47.3 in April 2020; it was equal on average to 9.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 11.5000 |
| 2026-08-31 | 6.00000 |
| 2026-09-30 | 10.5000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did capital expenditures 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 | 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) |
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