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Surveys

Texas Manufacturing Outlook Survey

March 29, 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)
IndicatorMar IndexFeb IndexChangeSeries
Average		Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

48.0

19.9

+28.1

10.2

10(+)

60.9

26.2

12.9

Capacity Utilization

46.1

16.5

+29.6

7.9

10(+)

57.7

30.7

11.6

New Orders

30.5

13.0

+17.5

6.1

10(+)

46.3

38.0

15.8

Growth Rate of Orders

22.7

11.6

+11.1

–0.1

9(+)

35.2

52.3

12.5

Unfilled Orders

24.5

12.4

+12.1

–2.6

9(+)

39.5

45.6

15.0

Shipments

33.1

16.1

+17.0

9.0

10(+)

47.6

38.0

14.5

Delivery Time

31.2

9.5

+21.7

–0.1

9(+)

38.7

53.8

7.5

Finished Goods Inventories

–2.7

–12.8

+10.1

–3.4

24(–)

18.2

60.9

20.9

Prices Paid for Raw Materials

66.0

57.4

+8.6

24.7

11(+)

69.3

27.4

3.3

Prices Received for Finished Goods

32.2

23.0

+9.2

6.2

8(+)

35.8

60.6

3.6

Wages and Benefits

28.0

16.1

+11.9

18.4

11(+)

28.7

70.6

0.7

Employment

18.8

12.7

+6.1

6.4

9(+)

28.8

61.2

10.0

Hours Worked

23.4

11.3

+12.1

2.6

9(+)

33.1

57.2

9.7

Capital Expenditures

24.3

13.7

+10.6

6.3

8(+)

30.5

63.3

6.2

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

Company Outlook

25.8

10.7

+15.1

6.6

10(+)

36.3

53.2

10.5

General Business Activity

28.9

17.2

+11.7

2.3

8(+)

42.2

44.5

13.3

IndicatorMar IndexFeb IndexChangeSeries
Average		Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty†

5.5

8.5

–3.0

12.8

34(+)

23.1

59.3

17.6

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

Production

38.3

40.2

–1.9

38.3

11(+)

49.9

38.5

11.6

Capacity Utilization

35.8

37.1

–1.3

35.1

11(+)

47.0

41.7

11.2

New Orders

44.6

32.3

+12.3

36.0

11(+)

53.2

38.2

8.6

Growth Rate of Orders

34.0

25.8

+8.2

26.7

11(+)

42.9

48.2

8.9

Unfilled Orders

7.4

4.5

+2.9

3.9

10(+)

23.2

61.0

15.8

Shipments

41.9

36.0

+5.9

36.8

11(+)

54.3

33.3

12.4

Delivery Time

3.7

5.9

–2.2

–1.5

2(+)

19.3

65.1

15.6

Finished Goods Inventories

11.2

11.5

–0.3

–0.2

5(+)

26.5

58.2

15.3

Prices Paid for Raw Materials

55.0

52.9

+2.1

33.5

12(+)

63.0

29.0

8.0

Prices Received for Finished Goods

43.9

44.9

–1.0

19.4

11(+)

49.0

45.9

5.1

Wages and Benefits

42.4

52.1

–9.7

37.7

11(+)

44.9

52.6

2.5

Employment

38.4

30.8

+7.6

22.0

10(+)

46.2

46.1

7.8

Hours Worked

5.4

11.0

–5.6

9.3

11(+)

17.9

69.6

12.5

Capital Expenditures

25.7

22.8

+2.9

19.6

10(+)

34.9

55.9

9.2

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

Company Outlook

26.2

32.3

–6.1

20.5

10(+)

35.8

54.6

9.6

General Business Activity

33.7

33.9

–0.2

14.3

10(+)

41.3

51.1

7.6

*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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