Research & Data

Texas Manufacturing Outlook Survey

Wages and Benefits Index

March 2014

Wages and Benefits—Index

Mar 13
Apr 13
May 13
Jun 13
Jul 13
Aug 13
Sep 13
Oct 13
Nov 13
Dec 13
Jan 14
Feb 14
Mar 14
Current Wages and Benefits, seasonally adjusted
18.3
17.5
13.4
19.7
16.1
14.4
9.7
20.9
15.2
22.2
21.6
25.8
20.8
Future Wages and Benefits, seasonally adjusted (six months from report period)
35.2
38.4
32.1
37.4
32.0
40.9
28.6
39.2
49.0
47.7
50.4
42.8
47.6

Wages and Benefits—Composition of Responses

 
Mar 13
Apr 13
May 13
Jun 13
Jul 13
Aug 13
Sep 13
Oct 13
Nov 13
Dec 13
Jan 14
Feb 14
Mar 14
Current Wages and Benefits, seasonally adjusted
% Increase
20.1
20.1
17.0
19.8
16.9
17.3
16.9
21.8
17.7
22.5
22.5
28.9
21.4
% No Change
78.1
77.3
79.4
80.1
82.3
79.9
75.9
77.3
79.7
77.2
76.6
68.0
78.0
% Decrease
1.8
2.6
3.6
0.1
0.8
2.9
7.2
0.9
2.5
0.3
0.9
3.1
0.6
 
Mar 13
Apr 13
May 13
Jun 13
Jul 13
Aug 13
Sep 13
Oct 13
Nov 13
Dec 13
Jan 14
Feb 14
Mar 14
Future Wages and Benefits, seasonally adjusted (six months from report period)
% Increase
37.0
38.4
36.1
37.5
34.3
47.2
31.8
40.9
49.0
49.2
51.9
43.7
48.1
% No Change
61.2
61.6
59.9
62.4
63.4
46.5
65.0
57.4
51.0
49.4
46.6
55.4
51.4
% Decrease
1.8
0.0
4.0
0.1
2.3
6.3
3.2
1.7
0.0
1.5
1.5
0.9
0.5

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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