Texas Manufacturing Outlook Survey
Results Table
Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | –1.3 | 0.9 | –2.2 | 10.5 | 1(–) | 24.6 | 49.4 | 25.9 |
Capacity Utilization | –4.9 | 3.9 | –8.8 | 8.5 | 1(–) | 21.7 | 51.7 | 26.6 |
New Orders | –16.1 | –9.6 | –6.5 | 6.0 | 12(–) | 22.9 | 38.2 | 39.0 |
Growth Rate of Orders | –20.7 | –11.1 | –9.6 | 0.1 | 13(–) | 16.7 | 45.8 | 37.4 |
Unfilled Orders | –15.5 | –11.3 | –4.2 | –1.6 | 10(–) | 8.0 | 68.5 | 23.5 |
Shipments | –3.0 | –2.8 | –0.2 | 9.1 | 5(–) | 24.5 | 48.0 | 27.5 |
Delivery Time | –7.3 | –0.1 | –7.2 | 1.3 | 2(–) | 8.9 | 74.9 | 16.2 |
Finished Goods Inventories | 1.1 | –3.7 | +4.8 | –3.2 | 1(+) | 17.6 | 65.9 | 16.5 |
Prices Paid for Raw Materials | 13.8 | 19.5 | –5.7 | 27.8 | 37(+) | 24.4 | 65.0 | 10.6 |
Prices Received for Finished Goods | 0.4 | 8.4 | –8.0 | 9.0 | 34(+) | 13.5 | 73.4 | 13.1 |
Wages and Benefits | 25.0 | 37.6 | –12.6 | 21.0 | 37(+) | 25.0 | 75.0 | 0.0 |
Employment | 9.6 | 8.0 | +1.6 | 7.9 | 3(+) | 22.9 | 63.8 | 13.3 |
Hours Worked | –0.9 | –2.7 | +1.8 | 3.7 | 2(–) | 10.6 | 77.9 | 11.5 |
Capital Expenditures | –3.7 | 2.8 | –6.5 | 6.8 | 1(–) | 13.0 | 70.3 | 16.7 |
General Business Conditions Current (versus previous month) | ||||||||
Indicator | May Index | Apr Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –22.3 | –15.6 | –6.7 | 5.6 | 15(–) | 9.1 | 59.5 | 31.4 |
General Business Activity | –29.1 | –23.4 | –5.7 | 1.9 | 13(–) | 6.5 | 57.9 | 35.6 |
Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty | 13.4 | 24.7 | –11.3 | 16.9 | null | 26.7 | 60.0 | 13.3 |
Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
Indicator | May Index | Apr Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 12.0 | 3.0 | +9.0 | 37.2 | 37(+) | 33.5 | 45.1 | 21.5 |
Capacity Utilization | 10.9 | 3.7 | +7.2 | 34.2 | 37(+) | 31.5 | 47.9 | 20.6 |
New Orders | 3.7 | 7.7 | –4.0 | 34.6 | 7(+) | 28.8 | 46.1 | 25.1 |
Growth Rate of Orders | –2.0 | 3.9 | –5.9 | 25.6 | 1(–) | 23.6 | 50.8 | 25.6 |
Unfilled Orders | –7.6 | –5.3 | –2.3 | 3.2 | 12(–) | 8.5 | 75.4 | 16.1 |
Shipments | 10.2 | 6.7 | +3.5 | 35.6 | 37(+) | 34.3 | 41.6 | 24.1 |
Delivery Time | –8.5 | –1.2 | –7.3 | –1.4 | 2(–) | 9.4 | 72.7 | 17.9 |
Finished Goods Inventories | –11.6 | 1.3 | –12.9 | 0.3 | 1(–) | 10.5 | 67.4 | 22.1 |
Prices Paid for Raw Materials | 4.3 | 7.6 | –3.3 | 34.0 | 38(+) | 20.1 | 64.1 | 15.8 |
Prices Received for Finished Goods | 4.7 | 1.3 | +3.4 | 21.0 | 37(+) | 18.8 | 67.1 | 14.1 |
Wages and Benefits | 36.1 | 30.4 | +5.7 | 39.4 | 37(+) | 37.8 | 60.5 | 1.7 |
Employment | 24.8 | 23.2 | +1.6 | 23.3 | 36(+) | 31.3 | 62.2 | 6.5 |
Hours Worked | –2.6 | 5.3 | –7.9 | 9.2 | 1(–) | 9.3 | 78.8 | 11.9 |
Capital Expenditures | 4.5 | 14.6 | –10.1 | 19.7 | 36(+) | 18.1 | 68.3 | 13.6 |
General Business Conditions Future (six months ahead) | ||||||||
Indicator | May Index | Apr Index | Change | Series Average | Trend** | % Reporting Increase | % Reporting No Change | % Reporting Worsened |
Company Outlook | –3.9 | –3.8 | –0.1 | 19.0 | 4(–) | 17.5 | 61.1 | 21.4 |
General Business Activity | –12.7 | –16.6 | +3.9 | 13.1 | 13(–) | 16.5 | 54.3 | 29.2 |
*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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