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Texas Manufacturing Outlook Survey

Wages and Benefits Index

November 2016

Report | Results Table

Wages and Benefits—Index

Nov 15Dec 15Jan 16Feb 16Mar 16Apr 16May 16Jun 16Jul 16Aug 16Sep 16Oct 16Nov 16
Current Wages and Benefits, seasonally adjusted

15.4

20.2

16.5

12.3

14.7

16.7

21.8

21.6

10.5

13.7

21.0

16.4

18.4

Future Wages and Benefits, seasonally adjusted (six months from report period)

33.6

29.7

28.5

34.5

34.7

33.8

31.4

31.6

30.0

38.1

31.2

36.4

40.4

Wages and Benefits—Composition of Responses

Nov 15Dec 15Jan 16Feb 16Mar 16Apr 16May 16Jun 16Jul 16Aug 16Sep 16Oct 16Nov 16
Current Wages and Benefits, seasonally adjusted

% Increase

17.4

21.5

20.6

17.2

17.0

20.7

24.8

25.2

12.1

15.0

23.2

17.2

18.4

% No Change

80.5

77.2

75.4

77.9

80.7

75.3

72.3

71.2

86.3

83.7

74.6

82.0

81.6

% Decrease

2.0

1.3

4.1

4.9

2.3

4.0

3.0

3.6

1.6

1.3

2.2

0.8

0.0

Future Wages and Benefits, seasonally adjusted (six months from report period)

% Increase

34.7

31.9

32.0

34.5

35.9

36.2

34.5

34.6

33.4

40.0

32.9

39.3

41.5

% No Change

64.2

65.9

64.5

65.5

62.9

61.4

62.4

62.4

63.2

58.1

65.4

57.8

57.4

% Decrease

1.1

2.2

3.5

0.0

1.2

2.4

3.1

3.0

3.4

1.9

1.7

2.9

1.1

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.

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