Texas Manufacturing Outlook Survey
Results Table
Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | –15.4 | 1.2 | –16.6 | 10.0 | 1(–) | 16.2 | 52.2 | 31.6 |
Capacity Utilization | –14.9 | 0.6 | –15.5 | 8.0 | 1(–) | 16.3 | 52.5 | 31.2 |
New Orders | –12.5 | –10.1 | –2.4 | 5.3 | 20(–) | 16.0 | 55.4 | 28.5 |
Growth Rate of Orders | –14.4 | –22.4 | +8.0 | –0.5 | 21(–) | 12.2 | 61.1 | 26.6 |
Unfilled Orders | –12.9 | –9.9 | –3.0 | –2.0 | 4(–) | 6.6 | 73.9 | 19.5 |
Shipments | –16.6 | –5.3 | –11.3 | 8.5 | 16(–) | 14.0 | 55.4 | 30.6 |
Delivery Time | –8.1 | –3.2 | –4.9 | 1.0 | 10(–) | 6.9 | 78.1 | 15.0 |
Finished Goods Inventories | –2.2 | –5.4 | +3.2 | –3.2 | 8(–) | 17.6 | 62.6 | 19.8 |
Prices Paid for Raw Materials | 20.2 | 17.8 | +2.4 | 27.4 | 45(+) | 25.1 | 70.0 | 4.9 |
Prices Received for Finished Goods | 0.1 | 6.1 | –6.0 | 8.7 | 2(+) | 12.7 | 74.8 | 12.6 |
Wages and Benefits | 20.8 | 25.1 | –4.3 | 21.2 | 45(+) | 22.9 | 75.0 | 2.1 |
Employment | –9.7 | –2.8 | –6.9 | 7.7 | 2(–) | 13.7 | 62.9 | 23.4 |
Hours Worked | –11.8 | –0.2 | –11.6 | 3.5 | 4(–) | 12.2 | 63.7 | 24.0 |
Capital Expenditures | 4.7 | 2.8 | +1.9 | 6.5 | 4(+) | 21.5 | 61.7 | 16.8 |
General Business Conditions Current (versus previous month) | ||||||||
Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –18.2 | –9.4 | –8.8 | 4.9 | 23(–) | 7.8 | 66.2 | 26.0 |
General Business Activity | –27.4 | –10.4 | –17.0 | 1.2 | 21(–) | 6.2 | 60.3 | 33.6 |
Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty | 20.9 | 18.3 | +2.6 | 17.2 | 33(+) | 29.7 | 61.5 | 8.8 |
Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
Indicator | Jan Index | Dec Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 21.7 | 12.0 | +9.7 | 36.5 | 45(+) | 36.0 | 49.7 | 14.3 |
Capacity Utilization | 16.3 | 12.9 | +3.4 | 33.4 | 45(+) | 30.7 | 54.9 | 14.4 |
New Orders | 20.9 | 14.2 | +6.7 | 33.9 | 15(+) | 34.1 | 52.7 | 13.2 |
Growth Rate of Orders | 13.3 | 5.4 | +7.9 | 25.0 | 8(+) | 27.7 | 57.9 | 14.4 |
Unfilled Orders | –1.9 | –6.5 | +4.6 | 2.9 | 3(–) | 8.8 | 80.4 | 10.7 |
Shipments | 21.2 | 14.1 | +7.1 | 34.9 | 45(+) | 37.3 | 46.6 | 16.1 |
Delivery Time | –3.0 | –0.6 | –2.4 | –1.5 | 10(–) | 4.9 | 87.1 | 7.9 |
Finished Goods Inventories | 4.6 | –3.4 | +8.0 | 0.1 | 1(+) | 19.5 | 65.5 | 14.9 |
Prices Paid for Raw Materials | 25.2 | 26.1 | –0.9 | 33.6 | 46(+) | 33.1 | 59.0 | 7.9 |
Prices Received for Finished Goods | 18.4 | 27.0 | –8.6 | 20.8 | 45(+) | 26.4 | 65.5 | 8.0 |
Wages and Benefits | 34.4 | 34.2 | +0.2 | 39.3 | 236(+) | 37.6 | 59.2 | 3.2 |
Employment | 14.3 | 7.3 | +7.0 | 23.0 | 44(+) | 23.2 | 67.9 | 8.9 |
Hours Worked | –3.3 | 4.0 | –7.3 | 8.9 | 1(–) | 11.1 | 74.5 | 14.4 |
Capital Expenditures | 9.2 | 10.7 | –1.5 | 19.5 | 44(+) | 21.7 | 65.8 | 12.5 |
General Business Conditions Future (six months ahead) | ||||||||
Indicator | Jan Index | Dec Index | Change | Series Average | Trend** | % Reporting Increase | % Reporting No Change | % Reporting Worsened |
Company Outlook | 4.4 | 0.8 | +3.6 | 18.4 | 2(+) | 19.8 | 64.8 | 15.4 |
General Business Activity | –10.4 | –9.3 | –1.1 | 12.4 | 6(–) | 11.9 | 65.9 | 22.3 |
*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.
Sign up for our email alert to be automatically notified as soon as the latest Texas Manufacturing Outlook Survey is released on the web.