Research & Data

Texas Manufacturing Outlook Survey

Growth Rate of Orders Index

December 2012

Growth Rate of Orders—Index

Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Nov 12
Dec 12
Current Growth Rate of Orders, seasonally adjusted
-7.3
6.6
6.6
-0.8
-2.6
-3.7
1.6
-3.1
-8.7
-0.4
-13.5
2.3
-3.7
Future Growth Rate of Orders, seasonally adjusted (six months from report period)
23.3
30.0
32.1
37.2
21.1
13.7
14.6
10.7
15.3
4.2
17.0
10.0
13.3

Growth Rate of Orders—Composition of Responses

 
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Nov 12
Dec 12
Current Growth Rate of Orders, seasonally adjusted
% Increase
19.0
25.8
25.0
18.8
22.7
20.6
21.5
20.2
14.6
18.1
15.0
26.0
19.3
% No Change
54.7
54.9
56.6
61.6
52.0
55.1
58.6
56.5
62.2
63.4
56.5
50.3
57.7
% Decrease
26.3
19.2
18.4
19.6
25.3
24.3
19.9
23.3
23.3
18.5
28.5
23.7
23.0
 
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Nov 12
Dec 12
Future Growth Rate of Orders, seasonally adjusted (six months from report period)
% Increase
30.4
37.6
39.3
41.6
33.7
25.4
30.6
28.3
26.7
24.5
31.2
27.7
27.2
% No Change
62.4
54.8
53.5
54.0
53.7
62.9
53.4
54.1
61.9
55.2
54.6
54.6
58.9
% Decrease
7.1
7.6
7.2
4.4
12.6
11.7
16.0
17.6
11.4
20.3
14.2
17.7
13.9

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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