Texas Manufacturing Outlook Survey
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Sep Index | Aug Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 7.9 | –11.2 | +19.1 | 10.3 | 1(+) | 26.8 | 54.3 | 18.9 |
Capacity Utilization | 7.8 | –3.7 | +11.5 | 8.3 | 1(+) | 25.8 | 56.2 | 18.0 |
New Orders | –5.2 | –15.8 | +10.6 | 5.7 | 16(–) | 24.3 | 46.1 | 29.5 |
Growth Rate of Orders | –7.7 | –12.5 | +4.8 | –0.2 | 17(–) | 21.5 | 49.2 | 29.2 |
Unfilled Orders | 0.4 | –13.2 | +13.6 | –1.8 | 1(+) | 18.0 | 64.4 | 17.6 |
Shipments | –1.1 | –15.8 | +14.7 | 8.7 | 9(–) | 23.3 | 52.3 | 24.4 |
Delivery Time | –1.5 | –4.3 | +2.8 | 1.2 | 6(–) | 13.0 | 72.5 | 14.5 |
Finished Goods Inventories | –6.9 | –6.9 | 0.0 | –3.2 | 4(–) | 13.6 | 65.9 | 20.5 |
Prices Paid for Raw Materials | 25.0 | 17.4 | +7.6 | 27.6 | 41(+) | 32.2 | 60.6 | 7.2 |
Prices Received for Finished Goods | 1.8 | 1.8 | 0.0 | 8.8 | 3(+) | 13.1 | 75.6 | 11.3 |
Wages and Benefits | 34.8 | 34.9 | –0.1 | 21.2 | 41(+) | 38.2 | 58.4 | 3.4 |
Employment | 13.6 | 4.3 | +9.3 | 7.9 | 7(+) | 23.0 | 67.6 | 9.4 |
Hours Worked | 5.1 | –3.8 | +8.9 | 3.7 | 1(+) | 14.9 | 75.3 | 9.8 |
Capital Expenditures | –6.8 | –8.6 | +1.8 | 6.6 | 3(–) | 12.9 | 67.4 | 19.7 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Sep Index | Aug Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –17.5 | –18.4 | +0.9 | 5.3 | 19(–) | 9.8 | 62.9 | 27.3 |
General Business Activity | –18.1 | –17.2 | –0.9 | 1.6 | 17(–) | 11.7 | 58.5 | 29.8 |
| Indicator | Sep Index | Aug Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty | 27.0 | 12.7 | +14.3 | 17.0 | 29(+) | 36.0 | 55.1 | 9.0 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Sep Index | Aug Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 10.9 | 6.3 | +4.6 | 36.8 | 41(+) | 32.7 | 45.5 | 21.8 |
Capacity Utilization | 5.9 | 2.5 | +3.4 | 33.7 | 41(+) | 28.3 | 49.4 | 22.4 |
New Orders | 10.1 | 3.2 | +6.9 | 34.2 | 11(+) | 27.2 | 55.7 | 17.1 |
Growth Rate of Orders | 3.1 | 0.5 | +2.6 | 25.3 | 4(+) | 21.4 | 60.3 | 18.3 |
Unfilled Orders | –10.7 | –12.5 | +1.8 | 3.0 | 2(–) | 6.7 | 75.9 | 17.4 |
Shipments | 9.7 | 5.5 | +4.2 | 35.2 | 41(+) | 28.7 | 52.3 | 19.0 |
Delivery Time | –8.7 | –3.9 | –4.8 | –1.5 | 6(–) | 8.8 | 73.7 | 17.5 |
Finished Goods Inventories | –7.3 | –15.9 | +8.6 | 0.1 | 5(–) | 11.0 | 70.7 | 18.3 |
Prices Paid for Raw Materials | 22.2 | 20.8 | +1.4 | 33.7 | 42(+) | 31.0 | 60.2 | 8.8 |
Prices Received for Finished Goods | 14.9 | 2.5 | +12.4 | 20.8 | 41(+) | 27.2 | 60.5 | 12.3 |
Wages and Benefits | 37.3 | 39.5 | –2.2 | 39.4 | 41(+) | 42.1 | 53.1 | 4.8 |
Employment | 12.9 | 13.2 | –0.3 | 23.2 | 40(+) | 29.9 | 53.1 | 17.0 |
Hours Worked | –3.0 | –1.3 | –1.7 | 9.0 | 2(–) | 11.0 | 75.0 | 14.0 |
Capital Expenditures | 11.9 | 14.2 | –2.3 | 19.6 | 40(+) | 26.6 | 58.7 | 14.7 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Sep Index | Aug Index | Change | Series Average | Trend** | % Reporting Increase | % Reporting No Change | % Reporting Worsened |
Company Outlook | –3.9 | 6.1 | –10.0 | 18.7 | 1(–) | 19.4 | 57.3 | 23.3 |
General Business Activity | –16.5 | –3.3 | –13.2 | 12.7 | 2(–) | 14.0 | 55.5 | 30.5 |
*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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