• Current report

Business Indicators Relating to Facilities and Products in Texas Current

Indicator Jul Index Jun Index Change Indicator Direction* Trend** (months) % Reporting Increase % Reporting No Change % Reporting Decrease Production 4.9 -1.9 +6.8 Increasing 1 27.2 50.5 22.3 Capacity Utilization -0.6 2.7 -3.3 Decreasing 1 22.0 55.4 22.6 New Orders -9.6 -8.2 -1.4 Decreasing 2 19.4 51.6 29.0 Growth Rate of Orders -9.9 -4.9 -5.0 Decreasing 2 19.2 51.7 29.1 Unfilled Orders -7.6 -9.3 +1.7 Decreasing 2 12.9 66.6 20.5 Shipments -1.1 -9.0 +7.9 Decreasing 2 25.3 48.4 26.4 Delivery Time -6.0 -2.9 -3.1 Decreasing 2 6.1 81.8 12.1 Materials Inventories -6.1 -8.6 +2.5 Decreasing 3 16.3 61.2 22.4 Finished Goods Inventories -7.0 -8.6 +1.6 Decreasing 4 15.2 62.6 22.2 Prices Paid for Raw Materials 12.3 29.7 -17.4 Increasing 12 22.6 67.1 10.3 Prices Received for Finished Goods -11.4 -6.8 -4.6 Decreasing 2 5.1 78.4 16.5 Wages and Benefits 8.0 4.8 +3.2 Increasing 8 9.0 90.0 1.0 Employment 5.1 4.3 +0.8 Increasing 5 20.3 64.5 15.2 Hours Worked -7.0 1.9 -8.9 Decreasing 1 16.0 61.0 23.0 Capital Expenditures 1.0 1.9 -0.9 Increasing 4 16.0 69.0 15.0

General Business Conditions Current

Indicator Jul Index Jun Index Change Indicator Direction* Trend** (months) % Reporting Improved % Reporting No Change % Reporting Worsened Company Outlook -10.4 -2.8 -7.6 Worsening 2 13.1 63.4 23.5 General Business Activity -21.0 -4.0 -17.0 Worsening 2 9.9 59.2 30.9

Business Indicators Relating to Facilities and Products in Texas Six Months Ahead

Indicator Jul Index Jun Index Change Indicator Direction* Trend** (months) % Reporting Increase % Reporting No Change % Reporting Decrease Production 26.6 28.5 -1.9 Increasing 17 41.6 43.5 15.0 Capacity Utilization 20.7 30.1 -9.4 Increasing 17 39.9 41.0 19.2 New Orders 29.6 26.2 +3.4 Increasing 19 45.9 37.8 16.3 Growth Rate of Orders 25.6 24.0 +1.6 Increasing 17 39.1 47.4 13.5 Unfilled Orders 0.0 -0.9 +0.9 Unchanged 1 15.3 69.4 15.3 Shipments 28.2 34.1 -5.9 Increasing 17 44.7 38.8 16.5 Delivery Time -8.0 -1.0 -7.0 Decreasing 4 6.1 79.8 14.1 Materials Inventories 1.0 -1.9 +2.9 Increasing 1 22.4 56.1 21.4 Finished Goods Inventories -3.0 -4.9 +1.9 Decreasing 2 19.4 58.2 22.4 Prices Paid for Raw Materials 20.2 35.9 -15.7 Increasing 16 32.3 55.6 12.1 Prices Received for Finished Goods 0.0 15.7 -15.7 Unchanged 1 17.2 65.7 17.2 Wages and Benefits 29.8 30.7 -0.9 Increasing 74 30.6 68.6 0.8 Employment 2.0 11.7 -9.7 Increasing 11 20.2 61.6 18.2 Hours Worked 1.0 5.9 -4.9 Increasing 17 18.2 64.6 17.2 Capital Expenditures 1.0 2.0 -1.0 Increasing 8 17.3 66.3 16.3

General Business Conditions Six Months Ahead

Indicator Jul Index Jun Index Change Indicator Direction* Trend** (months) % Reporting Improved % Reporting No Change % Reporting Worsened Company Outlook 15.8 21.5 -5.7 Improving 14 32.2 51.4 16.4 General Business Activity 5.0 13.7 -8.7 Improving 12 24.2 56.6 19.2

*Indicator direction refers to this month's index. If index is positive (negative), indicator is increasing (decreasing) or improving (worsening). If zero, indicator is unchanged.

**Number of months moving in current direction.

Data have been seasonally adjusted as necessary. See information on seasonal adjustment.

NOTE: Survey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. When the share of firms reporting an increase exceeds the share of firms reporting a decrease, the index will be greater than zero, suggesting the indicator has increased over the prior month. If the share of firms reporting a decrease exceeds the share reporting an increase, the index will be below zero, suggesting the indicator has decreased over the prior month. An index will be zero when the number of firms reporting an increase is equal to the number of firms reporting a decrease. Items may not add up to 100 percent because of rounding.