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Texas Manufacturing Outlook Survey
Summary of Results
July 2008
 
July vs. June
  
Six months from now
 
July
Index
%
Increase
No
Change
%
Decrease
June
Index
  
July
Index
%
Increase
No
Change
%
Decrease

June
Index
Production
0.0
18.3
63.5
18.3
0.0
12.6
33.0
46.6
20.4
19.8
Capacity
utilization
3.9
21.2
61.5
17.3
-0.9
14.5
32.0
50.5
17.5
19.6
Volume of new orders
-7.7
19.2
53.8
26.9
-6.5
11.6
33.0
45.6
21.4
18.8
Growth rate of orders
-14.4
14.4
56.7
28.8
-10.2
2.9
29.1
44.7
26.2
9.4
Unfilled orders
0.0
14.4
71.2
14.4
-12.0
-7.8
10.8
70.6
18.6
-7.5
Volume of shipments
5.8
22.1
61.5
16.3
0.0
14.6
34.0
46.6
19.4
20.6
Delivery time
2.8
11.5
79.8
8.7
3.7
1.0
11.8
77.5
10.8
-5.6
Materials inventories
-7.7
16.3
59.6
24.0
-10.2
-12.6
13.6
60.2
26.2
0.0
Finished goods
inventories
-10.5
13.5
62.5
24.0
-14.8
-7.7
14.6
63.1
22.3
-10.3
Prices paid for
raw materials
65.4
68.3
28.8
2.9
72.2
64.7
69.6
25.5
4.9
65.5
Prices received
for finished goods
31.7
37.5
56.7
5.8
33.4
57.8
62.7
32.4
4.9
43.9
Wages and
benefits
21.4
24.3
72.8
2.9
23.4
47.6
49.5
48.5
1.9
36.4
Number of employees
3.8
17.3
69.2
13.5
-1.9
0.0
20.4
59.2
20.4
4.6
Average employee
workweek
1.0
13.5
74.0
12.5
-8.4
-6.7
11.7
69.9
18.4
1.0
Capital expenditures
-7.7
11.7
68.9
19.4
-3.7
-1.0
18.4
62.1
19.4
-2.8
General Business Conditions:
 
July
Index
%
Improved
Remained
the Same
%
Worsened
June
Index
  
July
Index
%
Improved
Remained
the Same
%
Worsened

June
Index
How has the
outlook for your
company changed?
-11.7
15.5
57.3
27.2
-16.7
-8.9
18.6
53.9
27.5
-2.8
What is your
evaluation of
the level of general
business activity?
-27.4
10.8
51.0
38.2
-24.1
-20.2
16.2
47.5
36.4
-10.4

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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