Texas Manufacturing Outlook Survey
Results Table
Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 1.3 | 0.9 | +0.4 | 9.5 | 4(+) | 31.7 | 37.8 | 30.4 |
Capacity Utilization | –1.0 | –1.5 | +0.5 | 7.4 | 5(–) | 26.9 | 45.1 | 27.9 |
New Orders | –7.3 | –8.7 | +1.4 | 4.7 | 5(–) | 26.7 | 39.2 | 34.0 |
Growth Rate of Orders | –17.2 | –16.4 | –0.8 | –1.1 | 5(–) | 18.7 | 45.4 | 35.9 |
Unfilled Orders | –12.1 | –9.3 | –2.8 | –2.5 | 10(–) | 8.8 | 70.3 | 20.9 |
Shipments | –7.3 | 0.5 | –7.8 | 7.9 | 1(–) | 26.9 | 39.0 | 34.2 |
Delivery Time | –7.9 | –2.2 | –5.7 | 0.6 | 3(–) | 8.1 | 75.9 | 16.0 |
Finished Goods Inventories | –11.3 | –1.3 | –10.0 | –3.1 | 2(–) | 15.0 | 58.8 | 26.3 |
Prices Paid for Raw Materials | 43.0 | 40.7 | +2.3 | 27.3 | 62(+) | 43.2 | 56.6 | 0.2 |
Prices Received for Finished Goods | 26.1 | 15.1 | +11.0 | 8.7 | 6(+) | 29.8 | 66.5 | 3.7 |
Wages and Benefits | 13.4 | 15.0 | –1.6 | 21.1 | 62(+) | 14.8 | 83.8 | 1.4 |
Employment | 5.7 | 3.5 | +2.2 | 7.2 | 2(+) | 17.8 | 70.1 | 12.1 |
Hours Worked | –8.4 | –3.6 | –4.8 | 3.0 | 5(–) | 15.5 | 60.6 | 23.9 |
Capital Expenditures | 10.9 | 2.1 | +8.8 | 6.6 | 2(+) | 24.9 | 61.1 | 14.0 |
General Business Conditions Current (versus previous month) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –8.9 | –11.3 | +2.4 | 4.3 | 5(–) | 17.4 | 56.3 | 26.3 |
General Business Activity | –12.7 | –15.3 | +2.6 | 0.4 | 5(–) | 17.9 | 51.5 | 30.6 |
Indicator | Jun Index | May Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty | 15.2 | 12.7 | +2.5 | 17.2 | 50(+) | 30.4 | 54.4 | 15.2 |
Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 22.6 | 31.1 | –8.5 | 36.1 | 62(+) | 42.7 | 37.1 | 20.1 |
Capacity Utilization | 20.8 | 22.1 | –1.3 | 33.0 | 62(+) | 40.9 | 39.0 | 20.1 |
New Orders | 22.8 | 21.3 | +1.5 | 33.6 | 32(+) | 42.6 | 37.6 | 19.8 |
Growth Rate of Orders | 15.3 | 10.9 | +4.4 | 24.8 | 25(+) | 35.3 | 44.7 | 20.0 |
Unfilled Orders | –6.9 | –1.4 | –5.5 | 2.8 | 5(–) | 8.3 | 76.5 | 15.2 |
Shipments | 27.3 | 21.3 | +6.0 | 34.5 | 62(+) | 47.2 | 32.9 | 19.9 |
Delivery Time | –0.5 | –1.6 | +1.1 | –1.4 | 4(–) | 11.0 | 77.5 | 11.5 |
Finished Goods Inventories | –2.6 | –8.2 | +5.6 | –0.2 | 4(–) | 13.0 | 71.4 | 15.6 |
Prices Paid for Raw Materials | 39.9 | 39.8 | +0.1 | 33.6 | 63(+) | 48.5 | 43.0 | 8.6 |
Prices Received for Finished Goods | 27.3 | 28.2 | –0.9 | 21.1 | 62(+) | 32.5 | 62.3 | 5.2 |
Wages and Benefits | 32.1 | 16.0 | +16.1 | 39.1 | 62(+) | 35.0 | 62.1 | 2.9 |
Employment | 15.4 | 13.6 | +1.8 | 22.8 | 61(+) | 27.4 | 60.6 | 12.0 |
Hours Worked | –4.5 | –0.8 | –3.7 | 8.7 | 2(–) | 13.4 | 68.7 | 17.9 |
Capital Expenditures | 16.9 | 24.0 | –7.1 | 19.4 | 61(+) | 28.4 | 60.1 | 11.5 |
General Business Conditions Future (six months ahead) | ||||||||
Indicator | Jun Index | May Index | Change | Series Average | Trend** | % Reporting Increase | % Reporting No Change | % Reporting Worsened |
Company Outlook | 16.4 | 5.6 | +10.8 | 18.3 | 2(+) | 29.8 | 56.8 | 13.4 |
General Business Activity | 14.4 | 1.3 | +13.1 | 12.3 | 2(+) | 29.6 | 55.2 | 15.2 |
*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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