Texas Manufacturing Outlook Survey
Results Table
Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 4.8 | –4.1 | +8.9 | 9.9 | 1(+) | 26.3 | 52.2 | 21.5 |
Capacity Utilization | 4.2 | –5.7 | +9.9 | 7.9 | 1(+) | 25.4 | 53.4 | 21.2 |
New Orders | –5.3 | –11.8 | +6.5 | 5.2 | 2(–) | 26.1 | 42.6 | 31.4 |
Growth Rate of Orders | 3.8 | –19.8 | +23.6 | –0.6 | 1(+) | 24.9 | 54.0 | 21.1 |
Unfilled Orders | –5.9 | –16.6 | +10.7 | –2.1 | 7(–) | 13.6 | 66.9 | 19.5 |
Shipments | 5.0 | –15.4 | +20.4 | 8.3 | 1(+) | 28.4 | 48.2 | 23.4 |
Delivery Time | –0.3 | –6.1 | +5.8 | 1.0 | 13(–) | 12.5 | 74.7 | 12.8 |
Finished Goods Inventories | –5.8 | 4.7 | –10.5 | –3.2 | 1(–) | 14.0 | 66.3 | 19.8 |
Prices Paid for Raw Materials | 11.2 | 21.1 | –9.9 | 27.2 | 48(+) | 22.9 | 65.4 | 11.7 |
Prices Received for Finished Goods | 5.5 | 11.0 | –5.5 | 8.6 | 5(+) | 14.2 | 77.1 | 8.7 |
Wages and Benefits | 30.6 | 20.4 | +10.2 | 21.2 | 48(+) | 31.7 | 67.2 | 1.1 |
Employment | –0.1 | 1.5 | –1.6 | 7.6 | 1(–) | 14.6 | 70.7 | 14.7 |
Hours Worked | –2.3 | –7.9 | +5.6 | 3.4 | 7(–) | 13.0 | 71.7 | 15.3 |
Capital Expenditures | 11.1 | 1.8 | +9.3 | 6.5 | 7(+) | 25.3 | 60.5 | 14.2 |
General Business Conditions Current (versus previous month) | ||||||||
Indicator | Apr Index | Mar Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –6.3 | –16.2 | +9.9 | 4.7 | 26(–) | 19.1 | 55.5 | 25.4 |
General Business Activity | –14.5 | –14.4 | –0.1 | 1.0 | 24(–) | 15.0 | 55.5 | 29.5 |
Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty | 17.3 | 23.0 | –5.7 | 17.2 | 36(+) | 29.9 | 57.5 | 12.6 |
Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 34.8 | 32.3 | +2.5 | 36.4 | 48(+) | 43.4 | 48.0 | 8.6 |
Capacity Utilization | 29.4 | 25.1 | +4.3 | 33.3 | 48(+) | 39.3 | 50.8 | 9.9 |
New Orders | 25.4 | 23.7 | +1.7 | 33.8 | 18(+) | 33.9 | 57.6 | 8.5 |
Growth Rate of Orders | 19.4 | 18.6 | +0.8 | 24.9 | 11(+) | 31.5 | 56.4 | 12.1 |
Unfilled Orders | –3.2 | –0.2 | –3.0 | 2.9 | 2(–) | 7.0 | 82.8 | 10.2 |
Shipments | 29.4 | 21.5 | +7.9 | 34.8 | 48(+) | 38.2 | 53.0 | 8.8 |
Delivery Time | –4.2 | 0.3 | –4.5 | –1.5 | 1(–) | 5.9 | 84.0 | 10.1 |
Finished Goods Inventories | 2.5 | –9.9 | +12.4 | 0.0 | 1(+) | 11.1 | 80.2 | 8.6 |
Prices Paid for Raw Materials | 23.2 | 27.2 | –4.0 | 33.5 | 49(+) | 30.9 | 61.4 | 7.7 |
Prices Received for Finished Goods | 17.3 | 17.3 | 0.0 | 20.8 | 48(+) | 21.0 | 75.3 | 3.7 |
Wages and Benefits | 40.1 | 41.6 | –1.5 | 39.3 | 239(+) | 41.2 | 57.7 | 1.1 |
Employment | 20.2 | 17.9 | +2.3 | 22.9 | 47(+) | 31.9 | 56.4 | 11.7 |
Hours Worked | 7.2 | –0.5 | +7.7 | 8.8 | 1(+) | 16.3 | 74.7 | 9.1 |
Capital Expenditures | 11.9 | 12.7 | –0.8 | 19.4 | 47(+) | 27.1 | 57.7 | 15.2 |
General Business Conditions Future (six months ahead) | ||||||||
Indicator | Apr Index | Mar Index | Change | Series Average | Trend** | % Reporting Increase | % Reporting No Change | % Reporting Worsened |
Company Outlook | 14.9 | 12.5 | +2.4 | 18.3 | 5(+) | 27.8 | 59.3 | 12.9 |
General Business Activity | 7.9 | 1.3 | +6.6 | 12.3 | 3(+) | 25.4 | 57.1 | 17.5 |
*Shown is the number of consecutive months of expansion or contraction in the underlying indicator. Expansion is indicated by a positive index reading and denoted by a (+) in the table. Contraction is indicated by a negative index reading and denoted by a (–) in the table.
**Shown is the number of consecutive months of improvement or worsening in the underlying indicator. Improvement is indicated by a positive index reading and denoted by a (+) in the table. Worsening is indicated by a negative index reading and denoted by a (–) in the table.
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.
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