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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)
IndicatorFeb IndexJan IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Production

16.7

11.9

+4.8

Increasing

8

31.5

53.7

14.8

Capacity Utilization

14.7

9.1

+5.6

Increasing

8

28.5

57.7

13.8

New Orders

11.6

15.7

–4.1

Increasing

4

28.8

54.0

17.2

Growth Rate of Orders

2.0

6.7

–4.7

Increasing

2

20.5

61.0

18.5

Unfilled Orders

0.7

5.2

–4.5

Increasing

2

15.8

69.1

15.1

Shipments

12.2

15.8

–3.6

Increasing

3

29.1

54.0

16.9

Delivery Time

5.8

–5.4

+11.2

Increasing

1

13.7

78.4

7.9

Materials Inventories

9.7

–5.3

+15.0

Increasing

1

23.6

62.5

13.9

Finished Goods Inventories

–2.6

–8.8

+6.2

Decreasing

4

12.3

72.8

14.9

Prices Paid for Raw Materials

31.5

30.8

+0.7

Increasing

12

35.8

59.9

4.3

Prices Received for Finished Goods

19.5

17.7

+1.8

Increasing

7

24.8

69.9

5.3

Wages and Benefits

19.5

20.8

–1.3

Increasing

87

21.7

76.1

2.2

Employment

9.6

6.1

+3.5

Increasing

2

19.1

71.4

9.5

Hours Worked

7.7

9.1

–1.4

Increasing

4

18.3

71.1

10.6

Capital Expenditures

14.4

16.3

–1.9

Increasing

6

19.4

75.6

5.0

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

Company Outlook

17.6

25.0

–7.4

Improving

6

29.2

59.2

11.6

General Business Activity

24.5

22.1

+2.4

Improving

5

33.2

58.1

8.7

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

Production

46.4

53.9

–7.5

Increasing

96

54.3

37.8

7.9

Capacity Utilization

45.2

49.9

–4.7

Increasing

96

54.4

36.4

9.2

New Orders

51.0

55.2

–4.2

Increasing

96

57.2

36.6

6.2

Growth Rate of Orders

39.9

48.4

–8.5

Increasing

96

46.6

46.8

6.7

Unfilled Orders

11.3

16.6

–5.3

Increasing

17

21.9

67.5

10.6

Shipments

42.8

51.8

–9.0

Increasing

96

50.2

42.4

7.4

Delivery Time

6.1

4.4

+1.7

Increasing

3

13.1

79.9

7.0

Materials Inventories

6.2

3.7

+2.5

Increasing

3

21.4

63.4

15.2

Finished Goods Inventories

4.6

13.7

–9.1

Increasing

8

19.1

66.4

14.5

Prices Paid for Raw Materials

36.4

38.7

–2.3

Increasing

95

40.9

54.5

4.5

Prices Received for Finished Goods

31.5

32.8

–1.3

Increasing

13

36.0

59.5

4.5

Wages and Benefits

45.0

42.5

+2.5

Increasing

153

45.9

53.2

0.9

Employment

38.9

37.7

+1.2

Increasing

51

46.5

45.8

7.6

Hours Worked

12.2

14.3

–2.1

Increasing

9

20.5

71.2

8.3

Capital Expenditures

33.0

26.6

+6.4

Increasing

87

35.8

61.5

2.8

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

Company Outlook

35.6

48.8

–13.2

Improving

13

44.0

47.5

8.4

General Business Activity

37.0

43.7

–6.7

Improving

9

45.5

45.9

8.5

*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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