Surveys

Texas Manufacturing Outlook Survey

Finished Goods Inventories Index

June 2016

Report | Results Table

Finished Goods Inventories—Index

Jun 15

Jul 15

Aug 15

Sep 15

Oct 15

Nov 15

Dec 15

Jan 16

Feb 16

Mar 16

Apr 16

May 16

Jun 16

Current Finished Goods Inventories, seasonally adjusted

–3.6

10.7

–0.9

–2.6

0.9

–5.7

–6.0

1.8

–1.7

–4.5

0.0

–8.1

–4.4

Future Finished Goods Inventories, seasonally adjusted (six months from report period)

–2.8

1.0

–2.8

–8.2

3.9

–6.8

2.8

–6.2

1.8

–7.5

–2.1

–8.6

–10.2

Finished Goods Inventories—Composition of Responses

	Jun 15	Jul 15	Aug 15	Sep 15	Oct 15	Nov 15	Dec 15	Jan 16	Feb 16	Mar 16	Apr 16	May 16	Jun 16
Current Finished Goods Inventories, seasonally adjusted
% Increase	17.5	20.5	15.8	15.8	18.5	15.3	16.4	19.7	15.4	15.0	15.5	13.5	14.0
% No Change	61.4	69.6	67.5	65.8	63.9	63.7	61.2	62.4	67.5	65.5	68.9	64.9	67.5
% Decrease	21.1	9.8	16.7	18.4	17.6	21.0	22.4	17.9	17.1	19.5	15.5	21.6	18.4
Future Finished Goods Inventories, seasonally adjusted (six months from report period)
% Increase	15.7	14.2	14.8	8.3	12.7	16.1	17.3	15.0	17.1	8.4	13.4	11.4	12.0
% No Change	65.7	72.6	67.6	75.2	78.4	61.0	68.2	63.7	67.6	75.7	71.1	68.6	65.7
% Decrease	18.5	13.2	17.6	16.5	8.8	22.9	14.5	21.2	15.3	15.9	15.5	20.0	22.2

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 Emily Kerr at emily.kerr@dal.frb.org.