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Surveys

Texas Manufacturing Outlook Survey

Texas Manufacturing Outlook Survey
August 28, 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)
IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

–11.2

–4.8

–6.4

10.3

4(–)

22.0

44.8

33.2

Capacity Utilization

–3.7

–2.4

–1.3

8.3

4(–)

23.3

49.7

27.0

New Orders

–15.8

–18.1

+2.3

5.7

15(–)

19.8

44.6

35.6

Growth Rate of Orders

–12.5

–20.6

+8.1

–0.1

16(–)

20.2

47.1

32.7

Unfilled Orders

–13.2

–13.8

+0.6

–1.8

13(–)

10.8

65.2

24.0

Shipments

–15.8

–2.2

–13.6

8.8

8(–)

19.2

45.7

35.0

Delivery Time

–4.3

–11.4

+7.1

1.2

5(–)

11.2

73.3

15.5

Finished Goods Inventories

–6.9

–1.2

–5.7

–3.2

3(–)

14.0

65.1

20.9

Prices Paid for Raw Materials

17.4

10.5

+6.9

27.6

40(+)

27.6

62.2

10.2

Prices Received for Finished Goods

1.8

2.3

–0.5

8.9

2(+)

17.1

67.6

15.3

Wages and Benefits

34.9

19.1

+15.8

21.1

40(+)

36.4

62.1

1.5

Employment

4.3

10.0

–5.7

7.8

6(+)

17.8

68.7

13.5

Hours Worked

–3.8

3.9

–7.7

3.7

1(–)

15.3

65.6

19.1

Capital Expenditures

–8.6

–2.4

–6.2

6.7

2(–)

12.9

65.6

21.5

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

Company Outlook

–18.4

–16.9

–1.5

5.4

18(–)

11.8

58.0

30.2

General Business Activity

–17.2

–20.0

+2.8

1.7

16(–)

12.0

58.8

29.2

IndicatorAug IndexJul IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty

12.7

20.5

–7.8

16.9

28(+)

27.6

57.5

14.9

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

Production

6.3

15.5

–9.2

36.9

40(+)

29.7

46.9

23.4

Capacity Utilization

2.5

10.8

–8.3

33.8

40(+)

27.9

46.8

25.4

New Orders

3.2

19.7

–16.5

34.3

10(+)

25.2

52.8

22.0

Growth Rate of Orders

0.5

12.3

–11.8

25.4

3(+)

21.6

57.3

21.1

Unfilled Orders

–12.5

2.3

–14.8

3.1

1(–)

7.5

72.5

20.0

Shipments

5.5

16.9

–11.4

35.3

40(+)

28.2

49.1

22.7

Delivery Time

–3.9

–5.4

+1.5

–1.4

5(–)

9.6

76.9

13.5

Finished Goods Inventories

–15.9

–5.1

–10.8

0.2

4(–)

8.5

67.1

24.4

Prices Paid for Raw Materials

20.8

13.6

+7.2

33.8

41(+)

29.4

62.0

8.6

Prices Received for Finished Goods

2.5

11.6

–9.1

20.8

40(+)

14.5

73.5

12.0

Wages and Benefits

39.5

42.7

–3.2

39.4

40(+)

46.7

46.1

7.2

Employment

13.2

21.9

–8.7

23.2

39(+)

29.0

55.2

15.8

Hours Worked

–1.3

4.1

–5.4

9.1

1(–)

12.0

74.7

13.3

Capital Expenditures

14.2

24.3

–10.1

19.7

39(+)

27.5

59.2

13.3

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

Company Outlook

6.1

5.9

+0.2

18.8

3(+)

24.1

57.9

18.0

General Business Activity

–3.3

4.6

–7.9

12.9

1(–)

16.0

64.7

19.3

*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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