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 | –3.2 | 1.6 | –4.8 | 9.7 | 1(–) | 22.6 | 51.6 | 25.8 |
Capacity Utilization | –7.0 | –2.5 | –4.5 | 7.7 | 5(–) | 18.9 | 55.2 | 25.9 |
New Orders | –5.2 | –4.2 | –1.0 | 5.0 | 7(–) | 23.6 | 47.6 | 28.8 |
Growth Rate of Orders | –8.6 | –5.1 | –3.5 | –0.7 | 5(–) | 20.9 | 49.6 | 29.5 |
Unfilled Orders | –18.0 | 1.0 | –19.0 | –2.3 | 1(–) | 5.7 | 70.6 | 23.7 |
Shipments | –7.0 | 0.8 | –7.8 | 8.0 | 1(–) | 20.9 | 51.2 | 27.9 |
Delivery Time | –7.5 | –1.0 | –6.5 | 0.8 | 18(–) | 9.2 | 74.1 | 16.7 |
Finished Goods Inventories | –3.7 | 6.1 | –9.8 | –3.1 | 1(–) | 18.3 | 59.8 | 22.0 |
Prices Paid for Raw Materials | 18.2 | 28.2 | –10.0 | 27.1 | 53(+) | 23.3 | 71.6 | 5.1 |
Prices Received for Finished Goods | 8.4 | 8.5 | –0.1 | 8.6 | 10(+) | 17.5 | 73.4 | 9.1 |
Wages and Benefits | 18.5 | 22.0 | –3.5 | 21.2 | 53(+) | 18.8 | 80.9 | 0.3 |
Employment | 2.9 | –0.7 | +3.6 | 7.5 | 1(+) | 19.8 | 63.3 | 16.9 |
Hours Worked | –2.5 | –2.6 | +0.1 | 3.2 | 12(–) | 12.0 | 73.5 | 14.5 |
Capital Expenditures | 11.9 | 15.7 | –3.8 | 6.6 | 12(+) | 21.6 | 68.7 | 9.7 |
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 | –6.4 | –9.6 | +3.2 | 4.4 | 31(–) | 10.6 | 72.4 | 17.0 |
General Business Activity | –9.0 | –9.7 | +0.7 | 0.7 | 29(–) | 9.9 | 71.2 | 18.9 |
Indicator | Sep Index | Aug Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty | 17.3 | 7.5 | +9.8 | 17.1 | 41(+) | 24.7 | 67.9 | 7.4 |
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 | 35.2 | 33.7 | +1.5 | 36.2 | 53(+) | 42.3 | 50.6 | 7.1 |
Capacity Utilization | 35.3 | 32.9 | +2.4 | 33.1 | 53(+) | 40.5 | 54.3 | 5.2 |
New Orders | 33.3 | 30.7 | +2.6 | 33.6 | 23(+) | 40.3 | 52.7 | 7.0 |
Growth Rate of Orders | 28.9 | 17.7 | +11.2 | 24.8 | 16(+) | 34.2 | 60.5 | 5.3 |
Unfilled Orders | 1.7 | 7.0 | –5.3 | 2.8 | 2(+) | 10.1 | 81.5 | 8.4 |
Shipments | 28.8 | 30.1 | –1.3 | 34.6 | 53(+) | 38.0 | 52.8 | 9.2 |
Delivery Time | 10.7 | 4.5 | +6.2 | –1.4 | 3(+) | 16.9 | 76.9 | 6.2 |
Finished Goods Inventories | –5.0 | 3.9 | –8.9 | –0.1 | 1(–) | 11.3 | 72.5 | 16.3 |
Prices Paid for Raw Materials | 26.5 | 25.2 | +1.3 | 33.3 | 54(+) | 31.2 | 64.1 | 4.7 |
Prices Received for Finished Goods | 17.5 | 21.2 | –3.7 | 20.8 | 53(+) | 21.3 | 75.0 | 3.8 |
Wages and Benefits | 41.9 | 38.1 | +3.8 | 39.3 | 244(+) | 42.1 | 57.7 | 0.2 |
Employment | 19.0 | 22.0 | –3.0 | 22.8 | 52(+) | 26.3 | 66.4 | 7.3 |
Hours Worked | 4.1 | 9.2 | –5.1 | 8.8 | 6(+) | 12.4 | 79.3 | 8.3 |
Capital Expenditures | 23.3 | 20.0 | +3.3 | 19.4 | 52(+) | 30.2 | 62.9 | 6.9 |
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 | 11.1 | 18.5 | –7.4 | 18.2 | 10(+) | 22.7 | 65.7 | 11.6 |
General Business Activity | 11.4 | 11.6 | –0.2 | 12.2 | 4(+) | 24.6 | 62.2 | 13.2 |
*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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