Surveys

Texas Manufacturing Outlook Survey

Employment Index

April 2017

Employment—Index

Apr 16	May 16	Jun 16	Jul 16	Aug 16	Sep 16	Oct 16	Nov 16	Dec 16	Jan 17	Feb 17	Mar 17	Apr 17
Current Employment, seasonally adjusted
–4.2	–6.6	–12.0	–2.8	–5.6	1.9	–0.4	4.5	–3.4	6.1	9.6	8.4	8.5
Future Employment, seasonally adjusted (six months from report period)
9.0	2.2	12.0	18.9	22.0	14.8	13.9	30.6	37.5	37.7	38.9	28.4	32.7

Employment—Composition of Responses

	Apr 16	May 16	Jun 16	Jul 16	Aug 16	Sep 16	Oct 16	Nov 16	Dec 16	Jan 17	Feb 17	Mar 17	Apr 17
Current Employment, seasonally adjusted
% Increase	14.1	15.6	5.9	14.0	16.2	18.5	17.6	17.1	16.8	23.1	19.1	18.6	17.5
% No Change	67.6	62.2	76.2	69.2	61.9	64.9	64.4	70.2	63.0	59.9	71.4	71.2	73.5
% Decrease	18.3	22.2	17.9	16.8	21.8	16.6	18.0	12.6	20.2	17.0	9.5	10.2	9.0
Future Employment, seasonally adjusted (six months from report period)
% Increase	24.5	20.5	25.3	30.8	34.8	31.1	32.8	37.7	46.6	46.4	46.5	36.1	38.9
% No Change	59.9	61.2	61.4	57.3	52.3	52.6	48.3	55.2	44.3	44.9	45.8	56.2	54.9
% Decrease	15.5	18.3	13.3	11.9	12.8	16.3	18.9	7.1	9.1	8.7	7.6	7.7	6.2

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.