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Texas Manufacturing Outlook Survey

December 26, 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)
IndicatorDec IndexNov IndexChangeIndicator Direction*Trend** (Months)% Reporting Increase% Reporting
No Change
% Reporting Decrease

Production

32.8

15.1

+17.7

Increasing

18

41.8

49.2

9.0

Capacity Utilization

26.3

17.3

+9.0

Increasing

18

36.9

52.5

10.6

New Orders

30.1

20.0

+10.1

Increasing

14

40.0

50.1

9.9

Growth Rate of Orders

21.4

18.1

+3.3

Increasing

12

34.5

52.4

13.1

Unfilled Orders

9.2

11.4

–2.2

Increasing

12

19.1

71.0

9.9

Shipments

21.5

16.7

+4.8

Increasing

13

36.3

49.0

14.8

Delivery Time

8.0

4.8

+3.2

Increasing

6

16.3

75.4

8.3

Materials Inventories

12.7

6.8

+5.9

Increasing

6

24.5

63.7

11.8

Finished Goods Inventories

–2.0

0.0

–2.0

Decreasing

1

18.4

61.2

20.4

Prices Paid for Raw Materials

32.5

32.2

+0.3

Increasing

22

35.0

62.5

2.5

Prices Received for Finished Goods

17.9

15.1

+2.8

Increasing

17

24.0

69.9

6.1

Wages and Benefits

25.1

14.2

+10.9

Increasing

97

25.8

73.5

0.7

Employment

20.4

6.3

+14.1

Increasing

12

31.6

57.2

11.2

Hours Worked

23.3

11.5

+11.8

Increasing

14

30.0

63.3

6.7

Capital Expenditures

19.0

15.8

+3.2

Increasing

16

22.6

73.8

3.6

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

Company Outlook

31.5

18.5

+13.0

Improving

16

39.0

53.5

7.5

General Business Activity

29.7

19.4

+10.3

Improving

15

38.4

52.9

8.7

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

Production

47.4

46.1

+1.3

Increasing

106

56.2

35.0

8.8

Capacity Utilization

39.9

45.4

–5.5

Increasing

106

48.9

42.1

9.0

New Orders

50.8

48.9

+1.9

Increasing

106

55.7

39.4

4.9

Growth Rate of Orders

40.1

40.9

–0.8

Increasing

106

43.6

52.9

3.5

Unfilled Orders

16.2

14.2

+2.0

Increasing

27

25.0

66.2

8.8

Shipments

46.9

43.2

+3.7

Increasing

106

54.6

37.7

7.7

Delivery Time

6.9

3.8

+3.1

Increasing

13

15.8

75.3

8.9

Materials Inventories

11.8

13.2

–1.4

Increasing

13

24.1

63.6

12.3

Finished Goods Inventories

12.4

6.2

+6.2

Increasing

2

22.7

67.0

10.3

Prices Paid for Raw Materials

52.1

48.4

+3.7

Increasing

105

53.1

45.8

1.0

Prices Received for Finished Goods

42.7

35.8

+6.9

Increasing

23

46.9

49.0

4.2

Wages and Benefits

44.2

46.6

–2.4

Increasing

163

45.7

52.8

1.5

Employment

36.6

29.8

+6.8

Increasing

61

44.5

47.6

7.9

Hours Worked

13.5

22.1

–8.6

Increasing

19

18.7

76.1

5.2

Capital Expenditures

43.2

34.1

+9.1

Increasing

97

49.5

44.2

6.3

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

Company Outlook

40.1

40.8

–0.7

Improving

23

46.1

47.9

6.0

General Business Activity

40.9

39.0

+1.9

Improving

19

45.0

50.9

4.1

*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.

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