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Texas Manufacturing Outlook Survey
Summary of Results
January 2007
 
Jan. vs. Dec.
  
Six months from now
 
Jan
Index
%
Increase
No
Change
%
Decrease
Dec
Index
  
Jan
Index
%
Increase
No
Change
%
Decrease

Dec
Index
Production
13.8
40.0
33.8
26.2
-5.2
46.1
53.8
38.5
7.7
58.6
Capacity
utilization
4.6
30.8
43.1
26.2
-8.6
43.1
50.8
41.5
7.7
56.9
Volume of new orders
6.1
32.3
41.5
26.2
-8.8
42.2
53.1
35.9
10.9
60.3
Growth rate of orders
15.4
35.4
44.6
20.0
-6.9
21.5
36.9
47.7
15.4
50.0
Unfilled orders
0.0
23.1
53.8
23.1
-13.8
4.7
18.5
67.7
13.8
3.4
Volume of shipments
13.8
40.0
33.8
26.2
-7.0
50.7
56.9
36.9
6.2
57.9
Delivery time
0.0
16.9
66.2
16.9
-5.1
-4.7
12.5
70.3
17.2
-8.7
Materials inventories
20.0
30.8
58.5
10.8
17.6
4.6
20.0
64.6
15.4
8.8
Finished goods
inventories
12.3
32.3
47.7
20.0
8.6
13.8
24.6
64.6
10.8
3.4
Prices paid for
raw materials
30.8
38.5
53.8
7.7
19.0
38.5
43.1
52.3
4.6
44.9
Prices received
for finished goods
1.5
13.8
73.8
12.3
1.7
10.7
21.5
67.7
10.8
13.8
Wages and
benefits
40.0
41.5
56.9
1.5
24.2
49.2
49.2
50.8
0.0
53.5
Number of employees
4.6
16.9
70.8
12.3
0.0
24.6
30.8
63.1
6.2
14.3
Average employee
workweek
-6.3
10.9
71.9
17.2
-3.5
10.8
20.0
70.8
9.2
8.8
Capital expenditures
6.1
16.9
72.3
10.8
3.5
21.5
32.3
56.9
10.8
29.3
General Business Conditions:
 
Jan
Index
%
Improved
Remained
the Same
%
Worsened
Dec
Index
  
Jan
Index
%
Improved
Remained
the Same
%
Worsened

Dec
Index
How has the
outlook for your
company changed?
10.8
24.6
61.5
13.8
6.9
18.5
30.8
56.9
12.3
32.8
What is your
evaluation of
the level of general
business activity?
4.7
19.0
66.7
14.3
-8.8
9.5
25.4
58.7
15.9
24.5

NOTE: Each index is calculated by subtracting the percentage reporting a decrease from the percentage reporting an increase. When all firms report that activity has increased, an index will register 100. An index will register –100 when all firms report a decrease. An index will be zero when the number of firms reporting an increase or decrease is equal. Items may not add up to 100% because of rounding.
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