Texas Manufacturing Outlook Survey
Results Table
Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 0.9 | 2.5 | –1.6 | 10.6 | 2(+) | 26.3 | 48.2 | 25.4 |
Capacity Utilization | 3.9 | 2.3 | +1.6 | 8.5 | 2(+) | 24.6 | 54.7 | 20.7 |
New Orders | –9.6 | –14.3 | +4.7 | 6.1 | 11(–) | 19.0 | 52.4 | 28.6 |
Growth Rate of Orders | –11.1 | –15.2 | +4.1 | 0.2 | 12(–) | 12.9 | 63.1 | 24.0 |
Unfilled Orders | –11.3 | –9.4 | –1.9 | –1.6 | 9(–) | 10.5 | 67.7 | 21.8 |
Shipments | –2.8 | –10.5 | +7.7 | 9.1 | 4(–) | 25.3 | 46.7 | 28.1 |
Delivery Time | –0.1 | 0.6 | –0.7 | 1.3 | 1(–) | 15.9 | 68.1 | 16.0 |
Finished Goods Inventories | –3.7 | 6.6 | –10.3 | –3.2 | 1(–) | 18.5 | 59.3 | 22.2 |
Prices Paid for Raw Materials | 19.5 | 20.3 | –0.8 | 27.9 | 36(+) | 28.6 | 62.3 | 9.1 |
Prices Received for Finished Goods | 8.4 | 7.0 | +1.4 | 9.0 | 33(+) | 18.3 | 71.8 | 9.9 |
Wages and Benefits | 37.6 | 30.5 | +7.1 | 21.0 | 36(+) | 38.6 | 60.4 | 1.0 |
Employment | 8.0 | 10.4 | –2.4 | 7.9 | 2(+) | 20.2 | 67.6 | 12.2 |
Hours Worked | –2.7 | 2.6 | –5.3 | 3.7 | 1(–) | 13.4 | 70.5 | 16.1 |
Capital Expenditures | 2.8 | 2.9 | –0.1 | 6.9 | 2(+) | 15.8 | 71.2 | 13.0 |
General Business Conditions Current (versus previous month) | ||||||||
Indicator | Apr Index | Mar Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –15.6 | –13.3 | –2.3 | 5.7 | 14(–) | 7.8 | 68.8 | 23.4 |
General Business Activity | –23.4 | –15.7 | –7.7 | 2.1 | 12(–) | 7.4 | 61.8 | 30.8 |
Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty | 24.7 | 22.0 | +2.7 | 16.9 | null | 32.1 | 60.5 | 7.4 |
Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
Indicator | Apr Index | Mar Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 3.0 | 13.5 | –10.5 | 37.3 | 36(+) | 27.0 | 49.0 | 24.0 |
Capacity Utilization | 3.7 | 9.2 | –5.5 | 34.3 | 36(+) | 25.1 | 53.5 | 21.4 |
New Orders | 7.7 | 6.0 | +1.7 | 34.7 | 6(+) | 24.6 | 58.5 | 16.9 |
Growth Rate of Orders | 3.9 | 0.0 | +3.9 | 25.7 | 1(+) | 21.3 | 61.3 | 17.4 |
Unfilled Orders | –5.3 | –4.5 | –0.8 | 3.2 | 11(–) | 9.1 | 76.5 | 14.4 |
Shipments | 6.7 | 12.7 | –6.0 | 35.7 | 36(+) | 29.2 | 48.3 | 22.5 |
Delivery Time | –1.2 | 0.7 | –1.9 | –1.4 | 1(–) | 11.6 | 75.6 | 12.8 |
Finished Goods Inventories | 1.3 | 0.0 | +1.3 | 0.4 | 1(+) | 15.4 | 70.5 | 14.1 |
Prices Paid for Raw Materials | 7.6 | 24.9 | –17.3 | 34.2 | 37(+) | 24.1 | 59.4 | 16.5 |
Prices Received for Finished Goods | 1.3 | 18.6 | –17.3 | 21.1 | 36(+) | 21.8 | 57.7 | 20.5 |
Wages and Benefits | 30.4 | 41.2 | –10.8 | 39.4 | 36(+) | 33.9 | 62.6 | 3.5 |
Employment | 23.2 | 16.1 | +7.1 | 23.3 | 35(+) | 28.9 | 65.4 | 5.7 |
Hours Worked | 5.3 | –1.0 | +6.3 | 9.2 | 1(+) | 17.6 | 70.1 | 12.3 |
Capital Expenditures | 14.6 | 16.9 | –2.3 | 19.8 | 35(+) | 28.5 | 57.6 | 13.9 |
General Business Conditions Future (six months ahead) | ||||||||
Indicator | Apr Index | Mar Index | Change | Series Average | Trend** | % Reporting Increase | % Reporting No Change | % Reporting Worsened |
Company Outlook | –3.8 | –7.7 | +3.9 | 19.1 | 3(–) | 16.6 | 63.0 | 20.4 |
General Business Activity | –16.6 | –11.2 | –5.4 | 13.2 | 12(–) | 6.2 | 71.0 | 22.8 |
*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.
Sign up for our email alert to be automatically notified as soon as the latest Texas Manufacturing Outlook Survey is released on the web.