Surveys

Texas Manufacturing Outlook Survey

Click on links in the table for greater details. Historical data are available from June 2004 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas Current (versus previous month)
Indicator	Aug Index	Jul Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	4.5	0.4	+4.1	Increasing	2	27.8	48.9	23.3
Capacity Utilization	0.9	0.3	+0.6	Increasing	2	23.6	53.7	22.7
New Orders	5.3	–8.0	+13.3	Increasing	1	28.9	47.6	23.6
Growth Rate of Orders	2.1	–9.7	+11.8	Increasing	1	19.9	62.3	17.8
Unfilled Orders	–4.5	–4.6	+0.1	Decreasing	21	15.5	64.5	20.0
Shipments	9.9	0.1	+9.8	Increasing	2	32.8	44.2	22.9
Delivery Time	5.8	–2.8	+8.6	Increasing	1	15.9	74.0	10.1
Materials Inventories	–3.8	–10.4	+6.6	Decreasing	13	16.5	63.2	20.3
Finished Goods Inventories	–6.3	–9.9	+3.6	Decreasing	4	12.6	68.5	18.9
Prices Paid for Raw Materials	14.1	7.6	+6.5	Increasing	5	20.4	73.3	6.3
Prices Received for Finished Goods	–1.3	–5.7	+4.4	Decreasing	20	10.3	78.1	11.6
Wages and Benefits	13.7	10.5	+3.2	Increasing	81	15.0	83.7	1.3
Employment	–5.0	–2.6	–2.4	Decreasing	8	16.5	62.0	21.5
Hours Worked	–4.5	–0.2	–4.3	Decreasing	8	17.7	60.1	22.2
Capital Expenditures	–5.7	4.8	–10.5	Decreasing	1	9.9	74.5	15.6

General Business Conditions Current (versus previous month)
Indicator	Index	Jul Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	–2.8	–2.3	–0.5	Worsening	9	16.7	63.8	19.5
General Business Activity	–6.2	–1.3	–4.9	Worsening	20	12.9	68.0	19.1

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	Aug Index	Jul Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	32.8	45.2	–12.4	Increasing	90	44.8	43.2	12.0
Capacity Utilization	30.6	40.9	–10.3	Increasing	90	42.6	45.5	12.0
New Orders	38.6	42.8	–4.2	Increasing	90	46.8	45.0	8.2
Growth Rate of Orders	27.2	34.7	–7.5	Increasing	90	36.0	55.2	8.8
Unfilled Orders	3.4	4.3	–0.9	Increasing	11	17.1	69.2	13.7
Shipments	30.0	38.0	–8.0	Increasing	90	40.3	49.3	10.3
Delivery Time	–1.3	0.8	–2.1	Decreasing	1	9.2	80.3	10.5
Materials Inventories	–1.9	5.9	–7.8	Decreasing	1	18.1	61.9	20.0
Finished Goods Inventories	4.7	5.9	–1.2	Increasing	2	19.8	65.1	15.1
Prices Paid for Raw Materials	18.0	14.7	+3.3	Increasing	89	27.4	63.2	9.4
Prices Received for Finished Goods	7.6	5.9	+1.7	Increasing	7	17.0	73.6	9.4
Wages and Benefits	38.1	30.0	+8.1	Increasing	147	40.0	58.1	1.9
Employment	21.7	18.8	+2.9	Increasing	45	34.8	52.1	13.1
Hours Worked	9.2	10.0	–0.8	Increasing	3	19.4	70.4	10.2
Capital Expenditures	14.7	18.8	–4.1	Increasing	81	24.5	65.7	9.8

General Business Conditions Future (six months ahead)
Indicator	Index	Jul Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Worsened
Company Outlook	17.1	22.8	–5.7	Improving	7	31.4	54.3	14.3
General Business Activity	7.0	18.4	–11.4	Improving	3	21.9	63.2	14.9

*Indicator direction refers to this month's index. If index is positive (negative), indicator is increasing (decreasing) or improving (worsening). If zero, indicator is unchanged.

**Number of months moving in current direction.

Data have been seasonally adjusted as necessary.

Questions regarding the Texas Manufacturing Outlook Survey can be addressed to Emily Kerr at emily.kerr@dal.frb.org.