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Texas Manufacturing Outlook Survey

Capacity Utilization Index

March 2017

Report | Results Table

Capacity Utilization—Index

Mar 16Apr 16May 16Jun 16Jul 16Aug 16Sep 16Oct 16Nov 16Dec 16Jan 17Feb 17Mar 17
Current Capacity Utilization, seasonally adjusted

3.2

8.7

–10.5

–8.5

1.4

2.0

14.9

2.6

5.3

15.6

9.1

14.7

13.2

Future Capacity Utilization, seasonally adjusted (six months from report period)

26.8

36.3

26.6

22.4

41.4

30.9

30.1

33.6

46.5

48.6

49.9

45.2

37.3

Capacity Utilization—Composition of Responses

Mar 16Apr 16May 16Jun 16Jul 16Aug 16Sep 16Oct 16Nov 16Dec 16Jan 17Feb 17Mar 17
Current Capacity Utilization, seasonally adjusted

% Increase

23.0

29.1

14.8

19.0

23.7

24.8

29.3

22.6

24.7

26.6

26.6

28.5

28.6

% No Change

57.2

50.5

60.0

53.5

54.1

52.4

56.3

57.4

55.9

62.4

55.9

57.7

56.0

% Decrease

19.8

20.4

25.3

27.5

22.3

22.8

14.4

20.0

19.4

11.0

17.5

13.8

15.4

Future Capacity Utilization, seasonally adjusted (six months from report period)

% Increase

38.4

48.9

40.2

35.0

50.0

43.0

41.7

45.4

52.6

55.0

58.7

54.4

45.9

% No Change

50.0

38.5

46.2

52.4

41.4

44.9

46.7

42.8

41.3

38.7

32.5

36.4

45.5

% Decrease

11.6

12.6

13.6

12.6

8.6

12.1

11.6

11.8

6.1

6.4

8.8

9.2

8.6

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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