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Texas Manufacturing Outlook Survey
Capital Expenditures
April 2009

Capital Expenditures—Unweighted Index
Apr
08
May
08
Jun
08
Jul
08
Aug
08
Sep
08
Oct
08
Nov
08
Dec
08
Jan
09
Feb
09
Mar
09
Apr
09
Current Capital Expenditures
4.5
6.6
-3.7
-7.7
-0.9
-13.7
-16.0
-16.1
-24.8
-32.7
-42.7
-35.3
-18.0
Future Capital Expenditures (six months from report period)
2.7
10.5
-2.8
-1.0
3.9
0.0
-16.0
-16.3
-22.4
-27.7
-24.2
-17.0
-7.0

Capital Expenditures—Composition of Responses
 
Apr
08
May
08
Jun
08
Jul
08
Aug
08
Sep
08
Oct
08
Nov
08
Dec
08
Jan
09
Feb
09
Mar
09
Apr
09
Current Capital Expenditures
% Increase
17.9
15.9
10.2
11.7
11.7
9.8
11.0
8.1
4.6
3.8
0.0
4.9
11.0
N/C
68.8
74.8
75.9
68.9
75.7
66.7
62.0
67.7
66.1
59.6
57.3
54.9
60.0
% Decrease
13.4
9.3
13.9
19.4
12.6
23.5
27.0
24.2
29.4
36.5
42.7
40.2
29.0
Future Capital Expenditures (six months from report period)
% Increase
18.3
25.7
18.7
18.4
15.7
26.5
14.0
15.3
11.2
9.9
8.4
16.0
15.2
N/C
66.1
59.0
59.8
62.1
72.5
47.1
56.0
53.1
55.1
52.5
58.9
51.0
62.6
% Decrease
15.6
15.2
21.5
19.4
11.8
26.5
30.0
31.6
33.6
37.6
32.6
33.0
22.2

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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