October 15th, 2014
from the Dallas Fed
Several regional Federal Reserve Banks conduct monthly surveys of manufacturing activity in their districts - New York, Philadelphia, Richmond, Kansas City and Dallas, which produces the Texas Manufacturing Outlook Survey (TMOS). Survey responses are used to construct diffusion indexes, with positive readings typically indicating expansion and negative readings contraction. While each Fed asks slightly different questions, all include a measure of business activity, new orders, shipments and employment.