Texas Manufacturing Outlook Survey
August 28, 2017
Results Table
Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) |
||||||||
Indicator | Aug Index | Jul Index | Change | Indicator Direction* | Trend** (Months) | % Reporting Increase | % Reporting No Change |
% Reporting Decrease |
Production |
20.3 |
22.8 |
–2.5 |
Increasing |
14 |
36.3 |
47.7 |
16.0 |
Capacity Utilization |
12.2 |
18.1 |
–5.9 |
Increasing |
14 |
29.6 |
53.0 |
17.4 |
New Orders |
14.3 |
16.1 |
–1.8 |
Increasing |
10 |
33.6 |
47.1 |
19.3 |
Growth Rate of Orders |
11.7 |
12.2 |
–0.5 |
Increasing |
8 |
24.6 |
62.5 |
12.9 |
Unfilled Orders |
0.2 |
1.0 |
–0.8 |
Increasing |
8 |
13.9 |
72.4 |
13.7 |
Shipments |
18.1 |
11.6 |
+6.5 |
Increasing |
9 |
33.7 |
50.7 |
15.6 |
Delivery Time |
0.5 |
4.3 |
–3.8 |
Increasing |
2 |
9.5 |
81.5 |
9.0 |
Materials Inventories |
2.5 |
3.6 |
–1.1 |
Increasing |
2 |
20.2 |
62.1 |
17.7 |
Finished Goods Inventories |
–3.8 |
–1.7 |
–2.1 |
Decreasing |
4 |
13.3 |
69.5 |
17.1 |
Prices Paid for Raw Materials |
26.9 |
15.5 |
+11.4 |
Increasing |
18 |
29.0 |
68.9 |
2.1 |
Prices Received for Finished Goods |
10.2 |
5.6 |
+4.6 |
Increasing |
13 |
17.5 |
75.2 |
7.3 |
Wages and Benefits |
26.9 |
20.6 |
+6.3 |
Increasing |
93 |
27.3 |
72.3 |
0.4 |
Employment |
9.9 |
11.2 |
–1.3 |
Increasing |
8 |
18.1 |
73.7 |
8.2 |
Hours Worked |
14.5 |
9.8 |
+4.7 |
Increasing |
10 |
22.6 |
69.3 |
8.1 |
Capital Expenditures |
14.5 |
11.6 |
+2.9 |
Increasing |
12 |
20.5 |
73.5 |
6.0 |
General Business Conditions Current (versus previous month) |
||||||||
Indicator | Aug Index | Jul Index | Change | Indicator Direction* | Trend** (Months) | % Reporting Improved | % Reporting No Change |
% Reporting Worsened |
Company Outlook |
16.3 |
25.9 |
–9.6 |
Improving |
12 |
26.9 |
62.5 |
10.6 |
General Business Activity |
17.0 |
16.8 |
+0.2 |
Improving |
11 |
26.4 |
64.2 |
9.4 |
Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) |
||||||||
Indicator | Aug Index | Jul Index | Change | Indicator Direction* | Trend** (Months) | % Reporting Increase | % Reporting No Change |
% Reporting Decrease |
Production |
43.1 |
48.8 |
–5.7 |
Increasing |
102 |
53.6 |
35.9 |
10.5 |
Capacity Utilization |
38.6 |
39.9 |
–1.3 |
Increasing |
102 |
48.5 |
41.6 |
9.9 |
New Orders |
48.6 |
43.6 |
+5.0 |
Increasing |
102 |
56.2 |
36.2 |
7.6 |
Growth Rate of Orders |
37.1 |
32.8 |
+4.3 |
Increasing |
102 |
43.7 |
49.7 |
6.6 |
Unfilled Orders |
6.7 |
11.2 |
–4.5 |
Increasing |
23 |
17.7 |
71.2 |
11.0 |
Shipments |
41.8 |
47.0 |
–5.2 |
Increasing |
102 |
50.4 |
41.0 |
8.6 |
Delivery Time |
2.1 |
3.9 |
–1.8 |
Increasing |
9 |
8.2 |
85.7 |
6.1 |
Materials Inventories |
12.0 |
4.6 |
+7.4 |
Increasing |
9 |
25.0 |
62.0 |
13.0 |
Finished Goods Inventories |
–2.0 |
4.7 |
–6.7 |
Decreasing |
1 |
15.0 |
68.0 |
17.0 |
Prices Paid for Raw Materials |
26.0 |
20.8 |
+5.2 |
Increasing |
101 |
33.0 |
60.0 |
7.0 |
Prices Received for Finished Goods |
17.0 |
21.2 |
–4.2 |
Increasing |
19 |
25.0 |
67.0 |
8.0 |
Wages and Benefits |
44.3 |
45.9 |
–1.6 |
Increasing |
159 |
44.4 |
55.5 |
0.1 |
Employment |
30.8 |
36.2 |
–5.4 |
Increasing |
57 |
37.7 |
55.4 |
6.9 |
Hours Worked |
11.8 |
10.2 |
+1.6 |
Increasing |
15 |
16.4 |
79.0 |
4.6 |
Capital Expenditures |
19.6 |
27.1 |
–7.5 |
Increasing |
93 |
28.9 |
61.9 |
9.3 |
General Business Conditions Future (six months ahead) |
||||||||
Indicator | Aug Index | Jul Index | Change | Indicator Direction* | Trend** (Months) | % Reporting Increase | % Reporting No Change |
% Reporting Worsened |
Company Outlook |
34.5 |
34.8 |
–0.3 |
Improving |
19 |
39.5 |
55.5 |
5.0 |
General Business Activity |
29.2 |
31.6 |
–2.4 |
Improving |
15 |
33.8 |
61.6 |
4.6 |
*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.
Sign up for our free e-mail alert to be automatically notified as soon as the latest Texas Manufacturing Outlook Survey is released on the web.