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	Nov Index	Oct Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	8.8	6.7	+2.1	Increasing	5	28.8	51.2	20.0
Capacity Utilization	3.6	0.8	+2.8	Increasing	5	23.2	57.2	19.6
New Orders	–1.4	–3.5	+2.1	Decreasing	3	26.4	45.8	27.8
Growth Rate of Orders	–0.8	–5.1	+4.3	Decreasing	3	22.3	54.6	23.1
Unfilled Orders	–2.5	–7.5	+5.0	Decreasing	24	12.4	72.7	14.9
Shipments	–1.9	1.9	–3.8	Decreasing	1	22.4	53.3	24.3
Delivery Time	–3.1	–1.2	–1.9	Decreasing	2	7.2	82.5	10.3
Materials Inventories	–4.3	–5.5	+1.2	Decreasing	16	13.9	67.9	18.2
Finished Goods Inventories	–6.3	1.8	–8.1	Decreasing	1	17.1	59.5	23.4
Prices Paid for Raw Materials	18.2	13.7	+4.5	Increasing	8	20.1	78.0	1.9
Prices Received for Finished Goods	8.0	1.2	+6.8	Increasing	2	12.4	83.2	4.4
Wages and Benefits	18.4	16.4	+2.0	Increasing	84	18.4	81.6	0.0
Employment	4.5	0.2	+4.3	Increasing	3	17.2	70.1	12.7
Hours Worked	2.5	–1.8	+4.3	Increasing	1	18.7	65.1	16.2
Capital Expenditures	2.0	8.7	–6.7	Increasing	3	11.4	79.2	9.4

General Business Conditions Current (versus previous month)
Indicator	Index	Oct Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	11.0	1.8	+9.2	Improving	3	26.4	58.2	15.4
General Business Activity	10.2	–1.5	+11.7	Improving	1	22.5	65.2	12.3

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	Nov Index	Oct Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	52.3	33.0	+19.3	Increasing	93	57.4	37.5	5.1
Capacity Utilization	46.4	32.8	+13.6	Increasing	93	52.1	42.2	5.7
New Orders	48.1	32.2	+15.9	Increasing	93	53.8	40.5	5.7
Growth Rate of Orders	42.4	23.5	+18.9	Increasing	93	47.2	47.9	4.8
Unfilled Orders	14.3	0.7	+13.6	Increasing	14	20.1	74.1	5.8
Shipments	44.3	26.5	+17.8	Increasing	93	52.0	40.3	7.7
Delivery Time	–2.9	–5.6	+2.7	Decreasing	4	8.2	80.7	11.1
Materials Inventories	11.3	0.9	+10.4	Increasing	3	24.5	62.3	13.2
Finished Goods Inventories	3.8	0.9	+2.9	Increasing	5	16.3	71.2	12.5
Prices Paid for Raw Materials	34.2	25.9	+8.3	Increasing	92	35.2	63.8	1.0
Prices Received for Finished Goods	31.1	14.0	+17.1	Increasing	10	34.9	61.3	3.8
Wages and Benefits	40.4	36.4	+4.0	Increasing	150	41.5	57.4	1.1
Employment	30.6	14.2	+16.4	Increasing	48	37.3	56.0	6.7
Hours Worked	19.2	2.8	+16.4	Increasing	6	23.8	71.6	4.6
Capital Expenditures	30.4	14.0	+16.4	Increasing	84	37.1	56.2	6.7

General Business Conditions Future (six months ahead)
Indicator	Index	Oct Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Worsened
Company Outlook	34.9	12.2	+22.7	Improving	10	43.5	47.8	8.6
General Business Activity	31.6	4.8	+26.8	Improving	6	40.9	49.9	9.3

*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.