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Texas Manufacturing Outlook Survey

Prices Paid for Raw Materials Index

February 2013

Prices Paid for Raw Materials—Index

Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Nov 12
Dec 12
Jan 13
Feb 13
Current Prices Paid for Raw Materials, seasonally adjusted
23.8
25.7
19.0
19.1
1.9
1.8
9.5
21.4
34.8
28.7
21.9
27.8
15.8
Future Prices Paid for Raw Materials (six months from report period)
45.8
55.8
40.2
35.7
15.9
32.2
35.7
47.3
37.1
38.0
38.6
41.1
38.1

Prices Paid for Raw Materials—Composition of Responses

 
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Nov 12
Dec 12
Jan 13
Feb 13
Current Prices Paid for Raw Materials, seasonally adjusted
% Increase
31.7
30.4
26.2
26.3
18.0
20.7
24.7
26.6
41.4
34.0
28.6
28.2
20.8
% No Change
60.4
65.0
66.5
66.5
65.9
60.4
60.1
68.2
52.0
60.7
64.7
71.5
74.2
% Decrease
7.9
4.7
7.2
7.2
16.1
18.9
15.2
5.2
6.6
5.3
6.7
0.4
5.0
 
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Nov 12
Dec 12
Jan 13
Feb 13
Future Prices Paid for Raw Materials (six months from report period)
% Increase
50.6
57.0
44.8
40.5
28.4
35.6
43.7
51.6
40.2
43.0
42.0
43.5
42.4
% No Change
44.6
41.9
50.6
54.8
59.1
60.9
48.3
44.1
56.7
52.0
54.5
54.1
53.3
% Decrease
4.8
1.2
4.6
4.8
12.5
3.4
8.0
4.3
3.1
5.0
3.4
2.4
4.3

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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