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Texas Manufacturing Outlook Survey

General Business Activity Index

February 2011

General Business Activity—Index

Feb 10
Mar 10
Apr 10
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Current General Business Activity, seasonally adjusted
0
8.8
23.8
4.3
-0.6
-17.6
-9.8
-14.5
6.2
19.7
15.8
10.9
17.5
Future General Business Activity, seasonally adjusted (six months from report period)
18.3
15.8
18.7
21.3
15.4
10.2
0
7.5
20.6
26.5
35
39.1
27.8

General Business Activity—Composition of Responses

 
Feb 10
Mar 10
Apr 10
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Current General Business Activity, seasonally adjusted
% Improved
19.9
24
35.4
26.1
20
11.7
16.7
14.8
24.4
24.2
25.3
23.3
24.8
% No Change
60.3
60.8
53
52.1
59.4
59
56.9
55.9
57.3
71.4
65.2
64.3
67.9
% Worsened
19.9
15.2
11.6
21.8
20.6
29.3
26.5
29.3
18.2
4.5
9.5
12.4
7.3
 
Feb 10
Mar 10
Apr 10
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Future General Business Activity, seasonally adjusted (six months from report period)
% Improved
30.6
33.1
35
37.9
31
27.7
21.3
28.7
30.9
34.1
40.2
42.1
33.2
% No Change
57.2
49.6
48.7
45.6
53.4
54.7
57.3
50.1
58.8
58.3
54.6
54.9
61.4
% Worsened
12.3
17.3
16.3
16.6
15.6
17.5
21.3
21.2
10.3
7.6
5.2
3
5.4

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.

Questions regarding the Texas Manufacturing Outlook Survey can be addressed to Laila Assanie at laila.assanie@dal.frb.org.

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