Texas Service Sector Outlook Survey: General business activity: 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 general business activity (share of CEOs seeing a recent increase minus share reporting a decrease) was -1.8 in September 2026, compared to 4.2 in August 2026.
Sample. There are 237 observations overall in the monthly time series presented in the figure above. The series covers the time range going from January 2007 to September 2026.
History. Have a look at a few summary statistics computed on the entire sample: the diffusion index hit a minimum of -82.4 in April 2020; it reached a maximum of 42.9 in May 2021; it had a mean value of 1.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 6.60000 |
| 2026-08-31 | 4.20000 |
| 2026-09-30 | -1.80000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did general business activity 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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