Research & Data

Texas Manufacturing Outlook Survey

Capital Expenditures Index

October 2012

Capital Expenditures—Index

Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Current Capital Expenditures, seasonally adjusted
9.0
4.6
7.7
9.6
12.1
6.3
6.1
6.9
8.1
-0.8
3.2
8.6
9.9
Future Capital Expenditures (six months from report period)
18.2
11.4
21.6
25.3
30.5
25.6
21.0
18.1
13.6
10.5
17.3
20.6
21.7

Capital Expenditures—Composition of Responses

 
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Current Capital Expenditures, seasonally adjusted
% Increase
16.0
14.6
13.2
15.7
17.3
14.5
15.7
17.5
17.1
7.0
15.0
16.2
17.9
% No Change
77.0
75.4
81.3
78.2
77.5
77.3
74.7
71.9
73.9
85.2
73.2
76.2
74.1
% Decrease
7.0
10.0
5.5
6.1
5.2
8.2
9.6
10.6
9.0
7.8
11.8
7.6
8.0
 
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Future Capital Expenditures (six months from report period)
% Increase
27.3
27.3
27.3
34.1
36.6
32.6
29.1
28.9
25.0
22.1
27.6
31.5
32.0
% No Change
63.6
56.8
67.0
57.1
57.3
60.5
62.8
60.2
63.6
66.3
62.1
57.6
57.7
% Decrease
9.1
15.9
5.7
8.8
6.1
7.0
8.1
10.8
11.4
11.6
10.3
10.9
10.3

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 Laila Assanie at laila.assanie@dal.frb.org.

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