Texas Service Sector Outlook Survey: Capital expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for capital expenditures (share of CEOs seeing a recent increase minus share reporting a decrease) was 10.6 in September 2026, versus 6.9 in August 2026.
Sample. The monthly time series presented in the chart has 237 records overall. The time span covered by the series stretches from January 2007 to September 2026.
History. Here's a peek at some descriptive statistics calculated on the whole sample: the diffusion index recorded a bottom of -45.6 in April 2020; it hit a maximum of 26.4 in May 2007; it averaged 9.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 10.5000 |
| 2026-08-31 | 6.90000 |
| 2026-09-30 | 10.6000 |
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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 | 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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