Texas Service Sector Outlook Survey: Company outlook: Future (improvement vs worsening; 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 company outlook (share of CEOs seeing a future improvement minus share forecasting a worsening) was 8.1 in September 2026, versus 16.2 in August 2026.
Sample. There are 237 records overall in the monthly series shown in the chart above. The series covers the span of time extending from January 2007 to September 2026.
History. Here's a peek at a few statistics we computed on the full sample: the diffusion index had a mean value of 15.2; it reached a maximum of 45.5 in May 2021; it registered a minimum of -53.7 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 18.6000 |
| 2026-08-31 | 16.2000 |
| 2026-09-30 | 8.10000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will the outlook of your company improve or worsen 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 | 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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