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Texas Manufacturing Outlook Survey
Capital Expenditures
August 2007

Capital Expenditures—Unweighted Index
Aug
06
Sep
06
Oct
06
Nov
06
Dec
06
Jan
07
Feb
07
Mar
07
Apr
07
May
07
Jun
07
Jul
07
Aug
07
Current Capital Expenditures
20.9
25.4
11.7
11.8
3.5
6.1
14.3
17.5
17.7
15.5
18.6
8.8
11.7
Future Capital Expenditures (six months from report period)
35.5
27.0
26.7
35.6
29.3
21.5
40.5
26.9
31.2
27.9
26.8
20.7
25.5

Capital Expenditures—Composition of Responses
 
Aug
06
Sep
06
Oct
06
Nov
06
Dec
06
Jan
07
Feb
07
Mar
07
Apr
07
May
07
Jun
07
Jul
07
Aug
07
Current Capital Expenditures
% Increase
27.4
30.2
21.7
22.0
17.5
16.9
22.2
24.2
24.8
24.4
25.7
15.0
18.9
N/C
66.1
65.1
68.3
67.8
68.4
72.3
69.8
69.2
68.1
66.7
67.3
78.8
73.9
% Decrease
6.5
4.8
10.0
10.2
14.0
10.8
7.9
6.7
7.1
8.9
7.1
6.2
7.2
Future Capital Expenditures (six months from report period)
% Increase
38.7
38.1
41.7
42.4
41.4
32.3
47.6
36.5
37.5
36.9
34.8
31.5
35.5
N/C
58.1
50.8
43.3
50.8
46.6
56.9
45.2
53.9
56.3
54.1
57.1
57.7
54.5
% Decrease
3.2
11.1
15.0
6.8
12.1
10.8
7.1
9.6
6.3
9.0
8.0
10.8
10.0

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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