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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)
IndicatorSep IndexAug IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Production

16.7

4.5

+12.2

Increasing

3

35.6

45.5

18.9

Capacity Utilization

13.5

0.9

+12.6

Increasing

3

28.0

57.5

14.5

New Orders

–2.9

5.3

–8.2

Decreasing

1

24.1

48.9

27.0

Growth Rate of Orders

–5.8

2.1

–7.9

Decreasing

1

18.5

57.2

24.3

Unfilled Orders

–1.1

–4.5

+3.4

Decreasing

22

15.6

67.7

16.7

Shipments

20.1

9.9

+10.2

Increasing

3

35.7

48.6

15.6

Delivery Time

3.2

5.8

–2.6

Increasing

2

11.0

81.2

7.8

Materials Inventories

–7.7

–3.8

–3.9

Decreasing

14

9.4

73.6

17.1

Finished Goods Inventories

–0.9

–6.3

+5.4

Decreasing

5

13.9

71.3

14.8

Prices Paid for Raw Materials

13.3

14.1

–0.8

Increasing

6

20.4

72.5

7.1

Prices Received for Finished Goods

–0.9

–1.3

+0.4

Decreasing

21

10.2

78.7

11.1

Wages and Benefits

21.0

13.7

+7.3

Increasing

82

23.2

74.6

2.2

Employment

2.3

–5.0

+7.3

Increasing

1

18.7

64.9

16.4

Hours Worked

3.7

–4.5

+8.2

Increasing

1

22.1

59.6

18.4

Capital Expenditures

3.1

–5.7

+8.8

Increasing

1

14.0

75.1

10.9

General Business Conditions
Current (versus previous month)
IndicatorIndexAug IndexChangeIndicator Direction*Trend** (Months)% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

6.7

–2.8

+9.5

Improving

1

20.4

65.9

13.7

General Business Activity

–3.7

–6.2

+2.5

Worsening

21

14.9

66.5

18.6

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
IndicatorSep IndexAug IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Production

30.5

32.8

–2.3

Increasing

91

42.6

45.3

12.1

Capacity Utilization

29.3

30.6

–1.3

Increasing

91

40.9

47.6

11.6

New Orders

29.1

38.6

–9.5

Increasing

91

39.2

50.7

10.1

Growth Rate of Orders

19.1

27.2

–8.1

Increasing

91

31.6

55.9

12.5

Unfilled Orders

2.5

3.4

–0.9

Increasing

12

10.8

80.9

8.3

Shipments

26.1

30.0

–3.9

Increasing

91

39.0

48.0

12.9

Delivery Time

–1.5

–1.3

–0.2

Decreasing

2

6.0

86.5

7.5

Materials Inventories

1.9

–1.9

+3.8

Increasing

1

15.5

70.9

13.6

Finished Goods Inventories

5.8

4.7

+1.1

Increasing

3

17.6

70.6

11.8

Prices Paid for Raw Materials

25.2

18.0

+7.2

Increasing

90

29.1

67.0

3.9

Prices Received for Finished Goods

8.7

7.6

+1.1

Increasing

8

18.4

71.8

9.7

Wages and Benefits

31.2

38.1

–6.9

Increasing

148

32.9

65.4

1.7

Employment

14.5

21.7

–7.2

Increasing

46

30.9

52.7

16.4

Hours Worked

6.1

9.2

–3.1

Increasing

4

18.8

68.5

12.7

Capital Expenditures

13.5

14.7

–1.2

Increasing

82

25.2

63.1

11.7

General Business Conditions
Future (six months ahead)
IndicatorIndexAug IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Worsened

Company Outlook

17.8

17.1

+0.7

Improving

8

28.2

61.4

10.4

General Business Activity

9.3

7.0

+2.3

Improving

4

21.6

66.1

12.3

*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.

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