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Texas
Manufacturing Outlook Survey |
Capital Expenditures
December 2008

| Capital Expenditures—Unweighted
Index |
Dec
07 |
Jan
08 |
Feb
08 |
Mar
08 |
Apr
08 |
May
08 |
Jun
08 |
Jul
08 |
Aug
08 |
Sep
08 |
Oct
08 |
Nov
08 |
Dec
08 |
| Current
Capital Expenditures |
4.4 |
-4.4 |
4.5 |
2.7 |
4.5 |
6.6 |
-3.7 |
-7.7 |
-0.9 |
-13.7 |
-16.0 |
-16.1 |
-24.8 |
| Future
Capital Expenditures (six months from report
period) |
10.6 |
-0.9 |
8.2 |
7.3 |
2.7 |
10.5 |
-2.8 |
-1.0 |
3.9 |
0.0 |
-16.0 |
-16.3 |
-22.4 |
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| Capital Expenditures—Composition
of Responses |
| |
Dec
07 |
Jan
08 |
Feb
08 |
Mar
08 |
Apr
08 |
May
08 |
Jun
08 |
Jul
08 |
Aug
08 |
Sep
08 |
Oct
08 |
Nov
08 |
Dec
08 |
| Current
Capital Expenditures |
| % Increase |
16.7 |
10.6 |
13.3 |
12.8 |
17.9 |
15.9 |
10.2 |
11.7 |
11.7 |
9.8 |
11.0 |
8.1 |
4.6 |
| N/C |
71.1 |
74.3 |
77.9 |
77.1 |
68.8 |
74.8 |
75.9 |
68.9 |
75.7 |
66.7 |
62.0 |
67.7 |
66.1 |
| % Decrease |
12.3 |
15.0 |
8.8 |
10.1 |
13.4 |
9.3 |
13.9 |
19.4 |
12.6 |
23.5 |
27.0 |
24.2 |
29.4 |
| Future
Capital Expenditures (six months from report
period) |
| % Increase |
24.8 |
18.0 |
22.7 |
20.9 |
18.3 |
25.7 |
18.7 |
18.4 |
15.7 |
26.5 |
14.0 |
15.3 |
11.2 |
| N/C |
61.1 |
63.1 |
62.7 |
65.5 |
66.1 |
59.0 |
59.8 |
62.1 |
72.5 |
47.1 |
56.0 |
53.1 |
55.1 |
| % Decrease |
14.2 |
18.9 |
14.5 |
13.6 |
15.6 |
15.2 |
21.5 |
19.4 |
11.8 |
26.5 |
30.0 |
31.6 |
33.6 |
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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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