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Texas Manufacturing Outlook Survey

November 27, 2017

Results Table

Report


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)
IndicatorNov IndexOct IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Production

15.1

25.6

–10.5

Increasing

17

32.2

50.7

17.1

Capacity Utilization

17.3

22.5

–5.2

Increasing

17

29.4

58.5

12.1

New Orders

20.0

24.8

–4.8

Increasing

13

36.5

47.0

16.5

Growth Rate of Orders

18.1

12.3

+5.8

Increasing

11

30.3

57.5

12.2

Unfilled Orders

11.4

10.4

+1.0

Increasing

11

21.3

68.8

9.9

Shipments

16.7

20.9

–4.2

Increasing

12

35.0

46.8

18.3

Delivery Time

4.8

3.0

+1.8

Increasing

5

15.4

74.0

10.6

Materials Inventories

6.8

10.6

–3.8

Increasing

5

23.1

60.6

16.3

Finished Goods Inventories

0.0

9.9

–9.9

Unchanged

1

18.8

62.4

18.8

Prices Paid for Raw Materials

32.2

32.3

–0.1

Increasing

21

34.8

62.6

2.6

Prices Received for Finished Goods

15.1

15.3

–0.2

Increasing

16

21.8

71.5

6.7

Wages and Benefits

14.2

22.5

–8.3

Increasing

96

18.1

78.0

3.9

Employment

6.3

16.7

–10.4

Increasing

11

19.3

67.7

13.0

Hours Worked

11.5

13.7

–2.2

Increasing

13

22.8

65.9

11.3

Capital Expenditures

15.8

13.3

+2.5

Increasing

15

22.1

71.6

6.3

General Business Conditions
Current (versus previous month)
IndicatorNov IndexOct IndexChangeIndicator Direction*Trend** (Months)% Reporting Improved% Reporting
No Change
% Reporting Worsened

Company Outlook

18.5

25.8

–7.3

Improving

15

28.8

60.9

10.3

General Business Activity

19.4

27.6

–8.2

Improving

14

28.3

62.8

8.9

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
IndicatorNov IndexOct IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Production

46.1

46.0

+0.1

Increasing

105

51.7

42.7

5.6

Capacity Utilization

45.4

47.2

–1.8

Increasing

105

49.4

46.6

4.0

New Orders

48.9

45.3

+3.6

Increasing

105

53.2

42.5

4.3

Growth Rate of Orders

40.9

36.7

+4.2

Increasing

105

43.9

53.1

3.0

Unfilled Orders

14.2

10.1

+4.1

Increasing

26

21.7

70.8

7.5

Shipments

43.2

50.8

–7.6

Increasing

105

49.1

45.0

5.9

Delivery Time

3.8

0.5

+3.3

Increasing

12

14.5

74.8

10.7

Materials Inventories

13.2

3.7

+9.5

Increasing

12

24.0

65.2

10.8

Finished Goods Inventories

6.2

–0.9

+7.1

Increasing

1

20.6

64.9

14.4

Prices Paid for Raw Materials

48.4

36.5

+11.9

Increasing

104

51.5

45.4

3.1

Prices Received for Finished Goods

35.8

18.9

+16.9

Increasing

22

43.2

49.5

7.4

Wages and Benefits

46.6

36.9

+9.7

Increasing

162

49.0

48.6

2.4

Employment

29.8

34.2

–4.4

Increasing

60

40.5

48.8

10.7

Hours Worked

22.1

13.8

+8.3

Increasing

18

27.0

68.1

4.9

Capital Expenditures

34.1

30.2

+3.9

Increasing

96

41.5

51.1

7.4

General Business Conditions
Future (six months ahead)
IndicatorNov IndexOct IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Worsened

Company Outlook

40.8

39.0

+1.8

Improving

22

46.1

48.6

5.3

General Business Activity

39.0

38.5

+0.5

Improving

18

41.5

56.0

2.5

*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.

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