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Research & Data
Texas Manufacturing Outlook Survey
Capital Expenditures Index
April 2012
Capital Expenditures—Index
Apr 11 |
May 11 |
Jun 11 |
Jul 11 |
Aug 11 |
Sep 11 |
Oct 11 |
Nov 11 |
Dec 11 |
Jan 12 |
Feb 12 |
Mar 12 |
Apr 12 |
| Current Capital Expenditures, seasonally adjusted | ||||||||||||
4.6
|
5.6
|
0.3
|
-1.4
|
5.6
|
-1.1
|
9.0
|
4.6
|
7.7
|
9.6
|
12.1
|
6.3
|
6.1
|
| Future Capital Expenditures (six months from report period) | ||||||||||||
22.0
|
18.5
|
21.7
|
10.6
|
20.0
|
13.3
|
18.2
|
11.4
|
21.6
|
25.3
|
30.5
|
25.6
|
21.0
|
Capital Expenditures—Composition of Responses
Apr 11 |
May 11 |
Jun 11 |
Jul 11 |
Aug 11 |
Sep 11 |
Oct 11 |
Nov 11 |
Dec 11 |
Jan 12 |
Feb 12 |
Mar 12 |
Apr 12 |
|
| Current Capital Expenditures, seasonally adjusted | |||||||||||||
% Increase |
11.5 |
13.3 |
7.2 |
10.0 |
15.8 |
6.4 |
16.0 |
14.6 |
13.2 |
15.7 |
17.3 |
14.5 |
15.7 |
% No Change |
81.5 |
79.0 |
85.9 |
78.7 |
74.0 |
86.2 |
77.0 |
75.4 |
81.3 |
78.2 |
77.5 |
77.3 |
74.7 |
% Decrease |
6.9 |
7.7 |
6.9 |
11.4 |
10.2 |
7.5 |
7.0 |
10.0 |
5.5 |
6.1 |
5.2 |
8.2 |
9.6 |
Apr 11 |
May 11 |
Jun 11 |
Jul 11 |
Aug 11 |
Sep 11 |
Oct 11 |
Nov 11 |
Dec 11 |
Jan 12 |
Feb 12 |
Mar 12 |
Apr 12 |
|
| Future Capital Expenditures (six months from report period) | |||||||||||||
% Increase |
25.3 |
26.1 |
25.3 |
23.5 |
28.4 |
23.3 |
27.3 |
27.3 |
27.3 |
34.1 |
36.6 |
32.6 |
29.1 |
% No Change |
71.4 |
66.3 |
71.1 |
63.5 |
63.2 |
66.7 |
63.6 |
56.8 |
67.0 |
57.1 |
57.3 |
60.5 |
62.8 |
% Decrease |
3.3 |
7.6 |
3.6 |
12.9 |
8.4 |
10.0 |
9.1 |
15.9 |
5.7 |
8.8 |
6.1 |
7.0 |
8.1 |
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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