Research & Data

Texas Service Sector Outlook Survey

Inventories Index

March 2012

Inventories—Index

Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Current Inventories, seasonally adjusted
20.5
20.8
2.6
-1.1
10.9
8.6
6.8
11.2
19.5
20.8
2.4
22.2
12.8
Future Inventories, seasonally adjusted (six months from report period)
24.6
22.1
1.5
4.3
3.5
5.9
5.6
13.4
16.9
19.9
26.6
16.9
8.8

Inventories—Composition of Responses

 
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Current Inventories, seasonally adjusted
% Increase
35.9
36.7
26.7
25.3
28.8
29.4
24.8
25.3
29.5
30.4
25.5
33.0
27.5
% No Change
48.7
47.4
49.1
48.3
53.3
49.8
57.2
60.6
60.5
60.1
51.4
56.2
57.8
% Decrease
15.4
15.9
24.1
26.4
17.9
20.8
18.0
14.1
10.0
9.6
23.1
10.8
14.7
 
Mar 11
Apr 11
May 11
Jun 11
Jul 11
Aug 11
Sep 11
Oct 11
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Future Inventories, seasonally adjusted (six months from report period)
% Increase
35.7
36.7
27.7
23.1
27.3
28.4
25.7
23.1
29.0
30.9
34.6
29.4
23.2
% No Change
53.2
48.8
46.2
58.1
48.8
49.1
54.2
67.3
58.8
58.1
57.5
58.1
62.4
% Decrease
11.1
14.6
26.2
18.8
23.8
22.5
20.1
9.7
12.1
11.0
8.0
12.5
14.4

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 Service Sector Outlook Survey can be addressed to Amy Jordan at amy.jordan@dal.frb.org.

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