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Texas Manufacturing Outlook Survey
Capital Expenditures
December 2007

Capital Expenditures—Unweighted Index
Dec
07
Jan
07
Feb
07
Mar
07
Apr
07
May
07
Jun
07
Jul
07
Aug
07
Sep
07
Oct
07
Nov
07
Dec
07
Current Capital Expenditures
3.5
6.1
14.3
17.5
17.7
15.5
18.6
8.8
11.7
18.4
11.5
11.5
4.4
Future Capital Expenditures (six months from report period)
29.3
21.5
40.5
26.9
31.2
27.9
26.8
20.7
25.5
16.4
17.5
16.1
10.6

Capital Expenditures—Composition of Responses
 
Dec
07
Jan
07
Feb
07
Mar
07
Apr
07
May
07
Jun
07
Jul
07
Aug
07
Sep
07
Oct
07
Nov
07
Dec
07
Current Capital Expenditures
% Increase
17.5
16.9
22.2
24.2
24.8
24.4
25.7
15.0
18.9
24.8
25.4
21.2
16.7
N/C
68.4
72.3
69.8
69.2
68.1
66.7
67.3
78.8
73.9
68.8
60.7
69.0
71.1
% Decrease
14.0
10.8
7.9
6.7
7.1
8.9
7.1
6.2
7.2
6.4
13.9
9.7
12.3
Future Capital Expenditures (six months from report period)
% Increase
41.4
32.3
47.6
36.5
37.5
36.9
34.8
31.5
35.5
28.2
32.5
27.7
24.8
N/C
46.6
56.9
45.2
53.9
56.3
54.1
57.1
57.7
54.5
60.0
52.5
60.7
61.1
% Decrease
12.1
10.8
7.1
9.6
6.3
9.0
8.0
10.8
10.0
11.8
15.0
11.6
14.2

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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