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Texas Manufacturing Outlook Survey

Company Outlook Index

March 2017

Report | Results Table

Company Outlook—Index

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

–11.2

–5.6

–15.9

–10.2

–1.0

–1.3

8.2

3.6

12.7

19.4

25.0

17.6

17.9

Future Company Outlook, seasonally adjusted (six months from report period)

12.0

9.2

4.3

7.8

22.8

16.8

17.7

11.9

35.8

47.1

48.8

35.6

39.1

Company Outlook—Composition of Responses

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

% Improved

10.5

15.6

11.1

13.5

16.9

17.5

21.2

18.9

27.5

27.4

37.7

29.2

28.9

% No Change

67.8

63.2

61.9

62.8

65.2

63.7

65.8

65.8

57.7

64.5

49.7

59.2

60.1

% Worsened

21.7

21.2

27.0

23.7

17.9

18.8

13.0

15.3

14.8

8.0

12.7

11.6

11.0

Future Company Outlook, seasonally adjusted (six months from report period)

% Improved

27.8

27.8

26.8

22.3

29.5

31.4

28.4

27.6

44.5

53.4

54.6

44.0

47.1

% No Change

56.4

53.6

50.8

63.1

63.8

54.0

60.9

56.7

46.8

40.3

39.6

47.5

44.8

% Worsened

15.8

18.6

22.5

14.5

6.7

14.6

10.7

15.7

8.7

6.3

5.8

8.4

8.0

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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