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Surveys

Texas Manufacturing Outlook Survey

Texas Manufacturing Outlook Survey
December 30, 2024

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)
IndicatorDec IndexNov IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

3.9

–0.9

+4.8

9.7

1(+)

30.5

43.0

26.6

Capacity Utilization

–2.5

–4.8

+2.3

7.6

2(–)

23.8

49.9

26.3

New Orders

–0.9

–11.9

+11.0

4.9

10(–)

28.1

42.9

29.0

Growth Rate of Orders

–3.8

–12.5

+8.7

–0.9

8(–)

22.3

51.6

26.1

Unfilled Orders

–7.4

–14.1

+6.7

–2.4

4(–)

8.9

74.8

16.3

Shipments

–2.0

–5.9

+3.9

7.9

2(–)

29.1

39.8

31.1

Delivery Time

–2.1

–5.2

+3.1

0.8

21(–)

9.7

78.5

11.8

Finished Goods Inventories

1.1

–14.1

+15.2

–3.2

1(+)

19.0

63.1

17.9

Prices Paid for Raw Materials

10.5

28.5

–18.0

27.0

56(+)

21.6

67.3

11.1

Prices Received for Finished Goods

–3.4

8.8

–12.2

8.6

1(–)

10.3

76.0

13.7

Wages and Benefits

17.7

18.6

–0.9

21.2

56(+)

21.3

75.1

3.6

Employment

0.3

4.9

–4.6

7.4

2(+)

16.1

68.1

15.8

Hours Worked

–0.9

0.3

–1.2

3.1

1(–)

14.5

70.1

15.4

Capital Expenditures

11.2

7.8

+3.4

6.6

15(+)

22.6

66.0

11.4

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

Company Outlook

8.0

5.8

+2.2

4.4

2(+)

24.5

59.0

16.5

General Business Activity

3.4

–2.7

+6.1

0.7

1(+)

21.2

61.0

17.8

IndicatorDec IndexNov IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty

1.2

5.9

–4.7

16.8

44(+)

22.6

56.0

21.4

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

Production

32.7

44.0

–11.3

36.3

56(+)

43.9

44.9

11.2

Capacity Utilization

33.6

35.2

–1.6

33.2

56(+)

42.2

49.3

8.6

New Orders

35.4

44.9

–9.5

33.7

26(+)

42.8

49.7

7.4

Growth Rate of Orders

27.0

36.8

–9.8

24.9

19(+)

34.4

58.2

7.4

Unfilled Orders

0.9

10.2

–9.3

2.8

5(+)

8.9

83.1

8.0

Shipments

33.7

37.8

–4.1

34.7

56(+)

42.3

49.2

8.6

Delivery Time

1.8

–3.7

+5.5

–1.3

1(+)

7.7

86.4

5.9

Finished Goods Inventories

–1.3

–5.1

+3.8

–0.1

4(–)

12.3

74.1

13.6

Prices Paid for Raw Materials

25.9

32.5

–6.6

33.3

57(+)

36.8

52.3

10.9

Prices Received for Finished Goods

25.9

27.8

–1.9

20.8

56(+)

32.1

61.7

6.2

Wages and Benefits

39.0

41.7

–2.7

39.3

247(+)

41.9

55.2

2.9

Employment

28.2

25.3

+2.9

22.9

55(+)

32.4

63.4

4.2

Hours Worked

11.4

11.5

–0.1

8.8

9(+)

21.4

68.6

10.0

Capital Expenditures

22.2

13.2

+9.0

19.4

55(+)

27.7

66.8

5.5

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

Company Outlook

18.8

36.3

–17.5

18.4

13(+)

29.8

59.2

11.0

General Business Activity

20.6

31.2

–10.6

12.4

7(+)

33.2

54.2

12.6

*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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