Research & Data

Texas Manufacturing Outlook Survey

Hours Worked Index

October 2013

Hours Worked—Index

Oct 12
Nov 12
Dec 12
Jan 13
Feb 13
Mar 13
Apr 13
May 13
Jun 13
Jul 13
Aug 13
Sep 13
Oct 13
Current Hours Worked, seasonally adjusted
-4.3
-5.3
2.7
0.8
-3.0
-2.4
-6.5
-2.3
4.8
1.3
-9.9
-0.6
3.9
Future Hours Worked, seasonally adjusted (six months from report period)
9.0
6.8
5.3
11.2
1.8
5.1
-3.1
-3.3
8.0
9.3
5.9
9.5
5.5

Hours Worked—Composition of Responses

 
Oct 12
Nov 12
Dec 12
Jan 13
Feb 13
Mar 13
Apr 13
May 13
Jun 13
Jul 13
Aug 13
Sep 13
Oct 13
Current Hours Worked, seasonally adjusted
% Increase
13.9
15.2
19.1
16.5
12.6
11.9
12.1
13.4
18.9
15.6
10.6
15.6
20.8
% No Change
67.9
64.3
64.5
67.8
71.8
73.8
69.2
70.9
67.0
70.1
68.9
68.2
62.3
% Decrease
18.2
20.5
16.4
15.7
15.6
14.3
18.6
15.7
14.1
14.3
20.5
16.2
16.9
 
Oct 12
Nov 12
Dec 12
Jan 13
Feb 13
Mar 13
Apr 13
May 13
Jun 13
Jul 13
Aug 13
Sep 13
Oct 13
Future Hours Worked, seasonally adjusted (six months from report period)
% Increase
16.7
17.0
13.2
18.3
16.0
14.5
11.7
12.5
14.8
17.4
16.4
14.3
16.8
% No Change
75.6
72.8
78.9
74.6
69.8
76.1
73.5
71.7
78.4
74.5
73.1
80.9
71.9
% Decrease
7.7
10.2
7.9
7.1
14.2
9.4
14.8
15.8
6.8
8.1
10.5
4.8
11.3

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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