Research & Data

Texas Manufacturing Outlook Survey

Company Outlook Index

May 2011

Company Outlook—Index

May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Current Company Outlook, seasonally adjusted
19.4
-0.2
-7.7
3.3
-2.9
14.2
20.7
17.1
13
13.1
15.7
10
3.2
Future Company Outlook, seasonally adjusted (six months from report period)
27.2
22.6
16.7
9.2
14
27.5
31.8
38.5
40.7
28.6
26.5
24.9
19.6

Company Outlook—Composition of Responses

 
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Current Company Outlook, seasonally adjusted
% Improved
32.9
19.8
15
24.6
21.6
27.1
27.1
27.3
23
21.5
25.7
25
16.1
% No Change
53.6
60.1
62.3
54.1
53.8
60
66.5
62.4
66.9
70.1
64.3
60
71
% Worsened
13.5
20
22.7
21.3
24.5
12.9
6.4
10.2
10
8.4
10
15
12.9
 
May 10
Jun 10
Jul 10
Aug 10
Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Future Company Outlook, seasonally adjusted (six months from report period)
% Improved
42.2
36.3
32.9
31.2
33.6
37.1
37.7
44.3
43.9
38.9
37
37.4
32.9
% No Change
42.8
50
51
46.7
46.9
53.3
56.4
50
53
50.8
52.5
50.1
53.8
% Worsened
15
13.7
16.2
22
19.6
9.6
5.9
5.8
3.2
10.3
10.5
12.5
13.3

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 Emily Kerr at emily.kerr@dal.frb.org.

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