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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)
IndicatorAug IndexJul IndexChangeIndicator 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)
IndicatorIndexJul IndexChangeIndicator 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)
IndicatorAug IndexJul IndexChangeIndicator 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)
IndicatorIndexJul IndexChangeIndicator 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.

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