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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)
IndicatorOct IndexSep IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Production

6.7

16.7

–10.0

Increasing

4

28.1

50.5

21.4

Capacity Utilization

0.8

13.5

–12.7

Increasing

4

21.1

58.6

20.3

New Orders

–3.5

–2.9

–0.6

Decreasing

2

27.1

42.4

30.6

Growth Rate of Orders

–5.1

–5.8

+0.7

Decreasing

2

20.6

53.7

25.7

Unfilled Orders

–7.5

–1.1

–6.4

Decreasing

23

12.7

67.1

20.2

Shipments

1.9

20.1

–18.2

Increasing

4

24.6

52.7

22.7

Delivery Time

–1.2

3.2

–4.4

Decreasing

1

9.9

79.0

11.1

Materials Inventories

–5.5

–7.7

+2.2

Decreasing

15

12.7

69.1

18.2

Finished Goods Inventories

1.8

–0.9

+2.7

Increasing

1

15.7

70.4

13.9

Prices Paid for Raw Materials

13.7

13.3

+0.4

Increasing

7

22.3

69.1

8.6

Prices Received for Finished Goods

1.2

–0.9

+2.1

Increasing

1

11.4

78.4

10.2

Wages and Benefits

16.4

21.0

–4.6

Increasing

83

17.2

82.0

0.8

Employment

0.2

2.3

–2.1

Increasing

2

17.8

64.6

17.6

Hours Worked

–1.8

3.7

–5.5

Decreasing

1

16.2

65.8

18.0

Capital Expenditures

8.7

3.1

+5.6

Increasing

2

17.4

73.9

8.7

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

Company Outlook

1.8

6.7

–4.9

Improving

2

17.8

66.2

16.0

General Business Activity

–1.5

–3.7

+2.2

Worsening

22

18.5

61.5

20.0

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

Production

33.0

30.5

+2.5

Increasing

92

48.2

36.6

15.2

Capacity Utilization

32.8

29.3

+3.5

Increasing

92

44.6

43.7

11.8

New Orders

32.2

29.1

+3.1

Increasing

92

48.4

35.5

16.2

Growth Rate of Orders

23.5

19.1

+4.4

Increasing

92

37.0

49.5

13.5

Unfilled Orders

0.7

2.5

–1.8

Increasing

13

15.3

70.1

14.6

Shipments

26.5

26.1

+0.4

Increasing

92

42.3

41.8

15.8

Delivery Time

–5.6

–1.5

–4.1

Decreasing

3

7.2

80.0

12.8

Materials Inventories

0.9

1.9

–1.0

Increasing

2

18.5

63.9

17.6

Finished Goods Inventories

0.9

5.8

–4.9

Increasing

4

15.9

69.2

15.0

Prices Paid for Raw Materials

25.9

25.2

+0.7

Increasing

91

29.6

66.7

3.7

Prices Received for Finished Goods

14.0

8.7

+5.3

Increasing

9

24.3

65.4

10.3

Wages and Benefits

36.4

31.2

+5.2

Increasing

149

39.3

57.8

2.9

Employment

14.2

14.5

–0.3

Increasing

47

32.7

48.8

18.5

Hours Worked

2.8

6.1

–3.3

Increasing

5

15.0

72.8

12.2

Capital Expenditures

14.0

13.5

+0.5

Increasing

83

29.9

54.2

15.9

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

Company Outlook

12.2

17.8

–5.6

Improving

9

27.4

57.4

15.2

General Business Activity

4.8

9.3

–4.5

Improving

5

24.7

55.4

19.9

*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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