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Texas Manufacturing Outlook Survey

February 22, 2021

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)
Indicator Feb Index Jan Index Change Series
Average
Trend* % Reporting Increase % Reporting No Change % Reporting Decrease

Production

19.9

4.6

+15.3

10.0

9(+)

36.3

47.2

16.4

Capacity Utilization

16.5

9.2

+7.3

7.7

9(+)

30.8

54.9

14.3

New Orders

13.0

6.3

+6.7

5.9

9(+)

31.5

50.0

18.5

Growth Rate of Orders

11.6

5.9

+5.7

–0.2

8(+)

28.2

55.2

16.6

Unfilled Orders

12.4

5.7

+6.7

–2.7

8(+)

20.8

70.8

8.4

Shipments

16.1

13.5

+2.6

8.8

9(+)

32.7

50.7

16.6

Delivery Time

9.5

9.2

+0.3

–0.3

8(+)

18.9

71.7

9.4

Finished Goods Inventories

–12.8

–9.3

–3.5

–3.4

23(–)

7.4

72.3

20.2

Prices Paid for Raw Materials

57.4

55.0

+2.4

24.5

10(+)

59.3

38.8

1.9

Prices Received for Finished Goods

23.0

13.9

+9.1

6.1

7(+)

25.5

72.0

2.5

Wages and Benefits

16.1

17.6

–1.5

18.3

10(+)

17.0

82.1

0.9

Employment

12.7

16.6

–3.9

6.3

8(+)

20.6

71.5

7.9

Hours Worked

11.3

12.6

–1.3

2.5

8(+)

21.8

67.7

10.5

Capital Expenditures

13.7

12.1

+1.6

6.2

7(+)

21.7

70.3

8.0

General Business Conditions
Current (versus previous month)
Indicator Feb Index Jan Index Change Series
Average
Trend** % Reporting Improved % Reporting No Change % Reporting Worsened

Company Outlook

10.7

10.3

+0.4

6.5

9(+)

24.4

61.9

13.7

General Business Activity

17.2

7.0

+10.2

2.2

7(+)

29.0

59.2

11.8


Indicator Feb Index Jan Index Change Series
Average
Trend* % Reporting Increase % Reporting No Change % Reporting Decrease

Outlook Uncertainty†

8.5

19.3

–10.8

13.0

33(+)

24.5

59.6

16.0

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
Indicator Feb Index Jan Index Change Series
Average
Trend* % Reporting Increase % Reporting No Change % Reporting Decrease

Production

40.2

43.7

–3.5

38.3

10(+)

51.8

36.6

11.6

Capacity Utilization

37.1

44.2

–7.1

35.1

10(+)

46.5

44.0

9.4

New Orders

32.3

40.1

–7.8

36.0

10(+)

44.6

43.1

12.3

Growth Rate of Orders

25.8

29.8

–4.0

26.7

10(+)

37.3

51.2

11.5

Unfilled Orders

4.5

4.0

+0.5

3.9

9(+)

15.5

73.5

11.0

Shipments

36.0

40.9

–4.9

36.8

10(+)

47.4

41.2

11.4

Delivery Time

5.9

–0.3

+6.2

–1.5

1(+)

15.6

74.7

9.7

Finished Goods Inventories

11.5

4.0

+7.5

–0.3

4(+)

18.4

74.7

6.9

Prices Paid for Raw Materials

52.9

53.9

–1.0

33.4

11(+)

59.8

33.3

6.9

Prices Received for Finished Goods

44.9

41.2

+3.7

19.3

10(+)

48.3

48.3

3.4

Wages and Benefits

52.1

48.3

+3.8

37.7

10(+)

53.2

45.7

1.1

Employment

30.8

31.9

–1.1

21.9

9(+)

39.0

52.8

8.2

Hours Worked

11.0

17.2

–6.2

9.3

10(+)

21.5

68.0

10.5

Capital Expenditures

22.8

26.2

–3.4

19.6

9(+)

30.2

62.4

7.4

General Business Conditions
Future (six months ahead)
Indicator Feb Index Jan Index Change Series
Average
Trend** % Reporting Increase % Reporting No Change % Reporting Worsened

Company Outlook

32.3

27.7

+4.6

20.5

9(+)

42.3

47.8

10.0

General Business Activity

33.9

29.6

+4.3

14.2

9(+)

45.9

42.1

12.0

*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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