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Texas Manufacturing Outlook Survey

General Business Activity Index

September 2011

General Business Activity—Index

Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Current General Business Activity, seasonally adjusted
6.2
19.7
15.8
10.9
17.5
11.5
10.5
-7.4
-17.5
-2.0
-11.4
-14.4
2.3
Future General Business Activity, seasonally adjusted (six months from report period)
20.6
26.5
35.0
39.1
27.8
16.8
16.9
7.9
2.9
3.7
2.9
-1.5
14.7

General Business Activity—Composition of Responses

 
Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Current General Business Activity, seasonally adjusted
% Improved
24.4
24.2
25.3
23.3
24.8
24.1
24.4
8.5
10.1
15.1
17.6
10.4
17.5
% No Change
57.3
71.4
65.2
64.3
67.9
63.3
61.7
75.6
62.3
67.8
53.4
64.8
67.3
% Worsened
18.2
4.5
9.5
12.4
7.3
12.6
13.9
15.9
27.6
17.1
29.0
24.8
15.2
 
Sep 10
Oct 10
Nov 10
Dec 10
Jan 11
Feb 11
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Future General Business Activity, seasonally adjusted (six months from report period)
% Improved
30.9
34.1
40.2
42.1
33.2
29.8
30.9
24.1
21.5
23.6
23.8
18.7
24.0
% No Change
58.8
58.3
54.6
54.9
61.4
57.2
55.1
59.7
59.9
56.5
55.3
61.1
66.7
% Worsened
10.3
7.6
5.2
3.0
5.4
13.0
14.0
16.2
18.6
19.9
20.9
20.2
9.3

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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