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Surveys

Texas Manufacturing Outlook Survey

Texas Manufacturing Outlook Survey
March 27, 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)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

2.5

–2.8

+5.3

10.6

1(+)

23.3

55.9

20.8

Capacity Utilization

2.3

–4.1

+6.4

8.6

1(+)

22.6

57.1

20.3

New Orders

–14.3

–13.2

–1.1

6.2

10(–)

18.9

48.0

33.2

Growth Rate of Orders

–15.2

–16.9

+1.7

0.2

11(–)

13.2

58.4

28.4

Unfilled Orders

–9.4

–13.3

+3.9

–1.5

8(–)

12.1

66.4

21.5

Shipments

–10.5

–5.0

–5.5

9.2

3(–)

19.1

51.3

29.6

Delivery Time

0.6

3.4

–2.8

1.4

2(+)

16.9

66.8

16.3

Finished Goods Inventories

6.6

–3.0

+9.6

–3.2

1(+)

24.2

58.2

17.6

Prices Paid for Raw Materials

20.3

25.1

–4.8

27.9

35(+)

28.6

63.1

8.3

Prices Received for Finished Goods

7.0

15.8

–8.8

9.0

32(+)

17.7

71.6

10.7

Wages and Benefits

30.5

32.7

–2.2

20.9

35(+)

30.5

69.5

0.0

Employment

10.4

–1.0

+11.4

7.9

1(+)

24.1

62.1

13.7

Hours Worked

2.6

4.9

–2.3

3.8

4(+)

17.2

68.2

14.6

Capital Expenditures

2.9

–1.3

+4.2

6.9

1(+)

15.8

71.3

12.9

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

Company Outlook

–13.3

–17.5

+4.2

5.8

13(–)

12.7

61.3

26.0

General Business Activity

–15.7

–13.5

–2.2

2.2

11(–)

12.6

59.1

28.3

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

Outlook Uncertainty

22.0

25.0

–3.0

16.8

23(+)

30.8

60.4

8.8

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

13.5

21.3

–7.8

37.5

35(+)

27.0

59.5

13.5

Capacity Utilization

9.2

15.2

–6.0

34.4

35(+)

21.3

66.6

12.1

New Orders

6.0

10.2

–4.2

34.8

5(+)

19.7

66.6

13.7

Growth Rate of Orders

0.0

0.7

–0.7

25.8

1()

16.1

67.8

16.1

Unfilled Orders

–4.5

–4.7

+0.2

3.3

10(–)

10.4

74.7

14.9

Shipments

12.7

18.0

–5.3

35.8

35(+)

27.1

58.5

14.4

Delivery Time

0.7

–9.8

+10.5

–1.4

1(+)

12.6

75.5

11.9

Finished Goods Inventories

0.0

–1.0

+1.0

0.4

1()

14.0

72.1

14.0

Prices Paid for Raw Materials

24.9

25.1

–0.2

34.3

36(+)

31.8

61.3

6.9

Prices Received for Finished Goods

18.6

24.5

–5.9

21.1

35(+)

29.1

60.5

10.5

Wages and Benefits

41.2

38.2

+3.0

39.4

35(+)

42.0

57.2

0.8

Employment

16.1

23.6

–7.5

23.3

34(+)

29.0

58.1

12.9

Hours Worked

–1.0

4.7

–5.7

9.2

1(–)

12.6

73.8

13.6

Capital Expenditures

16.9

10.0

+6.9

19.8

34(+)

28.6

59.7

11.7

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

Company Outlook

–7.7

–0.4

–7.3

19.2

2(–)

11.9

68.5

19.6

General Business Activity

–11.2

–2.9

–8.3

13.3

11(–)

13.5

61.8

24.7

*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.

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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