Texas Service Sector Outlook Survey: General business activity: 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. According to survey data about service-sector firms collected by the Federal Reserve in Texas, the seasonally unadjusted diffusion index for general business activity (share of CEOs seeing a recent increase minus share reporting a decrease) was -6.1 in September 2026, compared to 3.0 in August 2026.
Sample. The monthly series shown in the chart has a total of 237 observations. The time period covered by the series stretches from January 2007 to September 2026.
History. Here's a peek at some simple statistics we computed on the whole sample: the diffusion index was equal on average to 1.8; it recorded its highest level of 46.4 in May 2021; it reached its lowest level of -79.4 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 4.00000 |
| 2026-08-31 | 3.00000 |
| 2026-09-30 | -6.10000 |
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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 | 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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