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Surveys

Texas Manufacturing Outlook Survey

Texas Manufacturing Outlook Survey
January 30, 2023

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)
IndicatorJan IndexDec IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

0.2

9.1

–8.9

10.7

32(+)

27.0

46.3

26.8

Capacity Utilization

6.0

7.9

–1.9

8.6

2(+)

25.0

56.0

19.0

New Orders

–4.0

–11.0

+7.0

6.3

8(–)

23.3

49.4

27.3

Growth Rate of Orders

–12.3

–9.3

–3.0

0.4

9(–)

17.6

52.5

29.9

Unfilled Orders

–6.7

–1.3

–5.4

–1.5

6(–)

14.7

63.9

21.4

Shipments

–6.3

0.4

–6.7

9.3

1(–)

22.0

49.6

28.3

Delivery Time

–0.2

–1.0

+0.8

1.3

3(–)

18.1

63.7

18.3

Finished Goods Inventories

–8.9

–3.3

–5.6

–3.2

2(–)

18.6

53.9

27.5

Prices Paid for Raw Materials

20.5

21.9

–1.4

28.0

33(+)

32.7

55.1

12.2

Prices Received for Finished Goods

9.9

10.9

–1.0

9.0

30(+)

18.2

73.5

8.3

Wages and Benefits

30.5

34.2

–3.7

20.9

33(+)

33.4

63.8

2.9

Employment

17.6

13.6

+4.0

7.9

31(+)

31.0

55.6

13.4

Hours Worked

3.8

5.6

–1.8

3.8

2(+)

19.9

64.0

16.1

Capital Expenditures

11.6

–2.5

+14.1

6.9

1(+)

22.8

66.0

11.2

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

Company Outlook

–2.5

–13.7

+11.2

6.0

11(–)

16.9

63.7

19.4

General Business Activity

–8.4

–20.0

+11.6

2.3

9(–)

17.2

57.2

25.6

IndicatorJan IndexDec IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty†

16.8

15.6

+1.2

16.6

21(+)

29.7

57.4

12.9

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

Production

16.1

10.5

+5.6

37.7

33(+)

36.0

44.1

19.9

Capacity Utilization

19.2

9.1

+10.1

34.6

33(+)

34.3

50.6

15.1

New Orders

14.8

3.8

+11.0

35.1

3(+)

32.6

49.5

17.8

Growth Rate of Orders

8.7

4.0

+4.7

26.1

7(+)

27.8

53.1

19.1

Unfilled Orders

–4.1

–12.8

+8.7

3.3

8(–)

10.9

74.2

15.0

Shipments

15.5

11.2

+4.3

36.0

33(+)

34.2

47.2

18.7

Delivery Time

–12.4

–4.1

–8.3

–1.3

3(–)

7.1

73.3

19.5

Finished Goods Inventories

–1.1

–1.2

+0.1

0.4

4(–)

17.0

64.9

18.1

Prices Paid for Raw Materials

14.2

19.4

–5.2

34.4

34(+)

30.7

52.7

16.5

Prices Received for Finished Goods

11.3

18.8

–7.5

21.1

33(+)

27.8

55.7

16.5

Wages and Benefits

43.7

41.0

+2.7

39.4

33(+)

46.7

50.2

3.0

Employment

20.4

18.4

+2.0

23.3

32(+)

32.9

54.6

12.5

Hours Worked

5.4

1.1

+4.3

9.3

5(+)

19.6

66.2

14.2

Capital Expenditures

14.9

5.2

+9.7

19.8

32(+)

29.6

55.8

14.7

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

Company Outlook

6.0

–2.4

+8.4

19.4

1(+)

26.6

52.8

20.6

General Business Activity

–9.1

–9.6

+0.5

13.5

9(–)

16.9

57.0

26.0

*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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