Texas Manufacturing Outlook Survey
Results Table
Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
Indicator | Aug Index | Jul Index | Change | Series 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) | ||||||||
Indicator | Aug Index | Jul Index | Change | Series 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 |
Indicator | Aug Index | Jul Index | Change | Series 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) | ||||||||
Indicator | Aug Index | Jul Index | Change | Series 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) | ||||||||
Indicator | Aug Index | Jul Index | Change | Series 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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