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Texas Manufacturing Outlook Survey

August 26, 2019

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)
IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

17.9

9.3

+8.6

10.6

38(+)

34.2

49.5

16.3

Capacity Utilization

15.7

11.2

+4.5

8.2

38(+)

28.5

58.7

12.8

New Orders

9.3

5.5

+3.8

6.5

34(+)

31.6

46.1

22.3

Growth Rate of Orders

1.8

2.7

–0.9

0.2

2(+)

21.7

58.4

19.9

Unfilled Orders

–0.2

–2.8

+2.6

–2.8

2(–)

13.0

73.8

13.2

Shipments

17.6

10.2

+7.4

9.3

33(+)

35.3

47.1

17.7

Delivery Time

1.3

–4.8

+6.1

–0.4

1(+)

12.4

76.5

11.1

Finished Goods Inventories

–9.5

–10.6

+1.1

–2.9

5(–)

11.2

68.1

20.7

Prices Paid for Raw Materials

9.8

17.0

–7.2

24.8

41(+)

21.3

67.2

11.5

Prices Received for Finished Goods

–2.6

–1.7

–0.9

6.5

2(–)

9.7

78.0

12.3

Wages and Benefits

27.3

20.1

+7.2

18.8

121(+)

28.6

70.1

1.3

Employment

5.5

16.0

–10.5

6.5

32(+)

17.9

69.7

12.4

Hours Worked

4.0

6.6

–2.6

2.8

34(+)

15.7

72.6

11.7

Capital Expenditures

7.4

15.2

–7.8

6.9

36(+)

19.6

68.2

12.2

General Business Conditions
Current (versus previous month)
IndicatorAug IndexJul IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting No Change% Reporting Worsened

Company Outlook

5.0

–0.9

+5.9

7.3

1(+)

24.8

55.4

19.8

General Business Activity

2.7

–6.3

+9.0

3.0

1(+)

21.9

58.9

19.2

IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty†

18.6

9.7

+8.9

9.2

15(+)

27.1

64.4

8.5

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

25.0

31.9

–6.9

38.9

126(+)

39.8

45.4

14.8

Capacity Utilization

22.1

32.3

–10.2

35.7

126(+)

35.4

51.3

13.3

New Orders

23.7

31.8

–8.1

36.7

126(+)

36.1

51.5

12.4

Growth Rate of Orders

14.8

30.7

–15.9

27.0

126(+)

27.1

60.6

12.3

Unfilled Orders

0.0

2.5

–2.5

4.1

1()

12.0

76.0

12.0

Shipments

26.2

39.9

–13.7

37.7

126(+)

37.7

50.8

11.5

Delivery Time

1.6

–0.5

+2.1

–1.9

1(+)

8.4

84.8

6.8

Finished Goods Inventories

–10.3

2.0

–12.3

–0.5

1(–)

10.3

69.2

20.6

Prices Paid for Raw Materials

11.8

23.5

–11.7

34.2

125(+)

24.5

62.7

12.7

Prices Received for Finished Goods

9.1

14.7

–5.6

19.8

43(+)

19.1

70.9

10.0

Wages and Benefits

35.2

44.5

–9.3

38.3

183(+)

38.7

57.8

3.5

Employment

22.9

28.2

–5.3

22.3

81(+)

31.1

60.7

8.2

Hours Worked

3.5

15.1

–11.6

9.4

39(+)

12.0

79.5

8.5

Capital Expenditures

17.3

21.9

–4.6

20.1

117(+)

28.7

59.9

11.4

General Business Conditions
Future (six months ahead)
IndicatorAug IndexJul IndexChangeSeries
Average
Trend**% Reporting Increase% Reporting No Change% Reporting Worsened

Company Outlook

10.4

9.1

+1.3

21.3

43(+)

26.1

58.2

15.7

General Business Activity

1.4

6.0

–4.6

14.8

2(+)

22.5

56.4

21.1

*Shown is the number of consecutive months of expansion or contraction in the underlying indicator. Expansion is indicated by a positive index reading and denoted by a (+) in the table. Contraction is indicated by a negative index reading and denoted by a (–) in the table.

**Shown is the number of consecutive months of improvement or worsening in the underlying indicator. Improvement is indicated by a positive index reading and denoted by a (+) in the table. Worsening is indicated by a negative index reading and denoted by a (–) in the table.

†Added to survey in January 2018.

Data have been seasonally adjusted as necessary, with the exception of the outlook uncertainty index, which does not yet have a sufficiently long time series to test for seasonality.

Questions regarding the Texas Manufacturing Outlook Survey can be addressed to Emily Kerr at emily.kerr@dal.frb.org.

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