Surveys

Texas Manufacturing Outlook Survey

Results Table

May 30, 2017

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)
Indicator	May Index	Apr Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	23.3	15.4	+7.9	Increasing	11	37.3	48.7	14.0
Capacity Utilization	19.4	11.5	+7.9	Increasing	11	33.0	53.4	13.6
New Orders	18.1	11.5	+6.6	Increasing	7	32.1	53.9	14.0
Growth Rate of Orders	12.3	5.1	+7.2	Increasing	5	25.5	61.3	13.2
Unfilled Orders	8.1	0.1	+8.0	Increasing	5	16.1	75.9	8.0
Shipments	24.7	9.5	+15.2	Increasing	6	39.4	46.0	14.7
Delivery Time	2.7	1.4	+1.3	Increasing	4	11.3	80.1	8.6
Materials Inventories	–2.3	2.2	–4.5	Decreasing	1	15.2	67.3	17.5
Finished Goods Inventories	–1.8	1.0	–2.8	Decreasing	1	12.6	73.0	14.4
Prices Paid for Raw Materials	17.5	20.8	–3.3	Increasing	15	24.0	69.5	6.5
Prices Received for Finished Goods	5.9	12.0	–6.1	Increasing	10	13.5	78.9	7.6
Wages and Benefits	24.3	18.8	+5.5	Increasing	90	27.1	70.1	2.8
Employment	8.3	8.5	–0.2	Increasing	5	18.4	71.5	10.1
Hours Worked	15.7	5.9	+9.8	Increasing	7	26.6	62.5	10.9
Capital Expenditures	11.1	6.7	+4.4	Increasing	9	19.7	71.7	8.6

General Business Conditions Current (versus previous month)
Indicator	Index	Apr Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	20.2	15.1	+5.1	Improving	9	29.4	61.4	9.2
General Business Activity	17.2	16.8	+0.4	Improving	8	30.7	55.8	13.5

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	May Index	Apr Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	49.7	39.6	+10.1	Increasing	99	58.2	33.3	8.5
Capacity Utilization	43.6	38.0	+5.6	Increasing	99	50.9	41.8	7.3
New Orders	46.5	36.1	+10.4	Increasing	99	52.8	40.9	6.3
Growth Rate of Orders	36.4	30.9	+5.5	Increasing	99	44.0	48.4	7.6
Unfilled Orders	12.9	8.8	+4.1	Increasing	20	20.9	71.2	8.0
Shipments	46.6	41.5	+5.1	Increasing	99	54.6	37.4	8.0
Delivery Time	6.6	7.8	–1.2	Increasing	6	13.6	79.4	7.0
Materials Inventories	4.6	8.2	–3.6	Increasing	6	19.6	65.4	15.0
Finished Goods Inventories	5.5	4.9	+0.6	Increasing	11	15.6	74.3	10.1
Prices Paid for Raw Materials	28.7	28.4	+0.3	Increasing	98	36.1	56.5	7.4
Prices Received for Finished Goods	30.5	26.0	+4.5	Increasing	16	33.3	63.9	2.8
Wages and Benefits	42.7	45.6	–2.9	Increasing	156	43.7	55.3	1.0
Employment	43.1	32.7	+10.4	Increasing	54	47.9	47.3	4.8
Hours Worked	12.0	9.9	+2.1	Increasing	12	18.1	75.8	6.1
Capital Expenditures	24.8	26.0	–1.2	Increasing	90	30.3	64.2	5.5

General Business Conditions Future (six months ahead)
Indicator	Index	Apr Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Worsened
Company Outlook	30.9	26.2	+4.7	Improving	16	37.1	56.7	6.2
General Business Activity	31.6	27.1	+4.5	Improving	12	37.7	56.2	6.1

*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.