Texas Service Sector Outlook Survey: Revenue: Future (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 revenue (share of CEOs seeing a future increase minus share forecasting a decrease) was 38.2 in September 2026, compared to 35.9 in August 2026.
Sample. There are 237 data points in the monthly time series presented in the plot above. The series covers the period extending from January 2007 to September 2026.
History. Here's a snapshot of a few descriptive statistics calculated on the entire sample: the diffusion index hit a peak of 61.5 in March 2007; it registered a minimum of -48.7 in March 2020; it had an average value of 37.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 32.6000 |
| 2026-08-31 | 35.9000 |
| 2026-09-30 | 38.2000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will revenue increase or decrease 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 | 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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