Texas Manufacturing Outlook Survey
Results Table
Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
Indicator | Aug Index | Jul Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 15.3 | 21.3 | –6.0 | 9.6 | 6(+) | 33.1 | 49.1 | 17.8 |
Capacity Utilization | 13.7 | 17.3 | –3.6 | 7.5 | 2(+) | 30.4 | 52.9 | 16.7 |
New Orders | 5.8 | –3.6 | +9.4 | 4.7 | 1(+) | 28.3 | 49.2 | 22.5 |
Growth Rate of Orders | 2.6 | –9.1 | +11.7 | –1.1 | 1(+) | 23.9 | 54.8 | 21.3 |
Unfilled Orders | –5.1 | –12.0 | +6.9 | –2.6 | 12(–) | 13.1 | 68.7 | 18.2 |
Shipments | 14.2 | 2.7 | +11.5 | 7.9 | 2(+) | 34.0 | 46.3 | 19.8 |
Delivery Time | 2.3 | –7.8 | +10.1 | 0.6 | 1(+) | 11.1 | 80.1 | 8.8 |
Finished Goods Inventories | 3.8 | –11.2 | +15.0 | –3.2 | 1(+) | 21.3 | 61.3 | 17.5 |
Prices Paid for Raw Materials | 43.7 | 41.7 | +2.0 | 27.4 | 64(+) | 49.6 | 44.6 | 5.9 |
Prices Received for Finished Goods | 15.1 | 11.1 | +4.0 | 8.7 | 8(+) | 24.3 | 66.5 | 9.2 |
Wages and Benefits | 15.4 | 13.2 | +2.2 | 21.0 | 64(+) | 17.2 | 81.0 | 1.8 |
Employment | 8.8 | 8.4 | +0.4 | 7.3 | 4(+) | 20.0 | 68.8 | 11.2 |
Hours Worked | 15.0 | 7.7 | +7.3 | 3.0 | 2(+) | 23.4 | 68.2 | 8.4 |
Capital Expenditures | 14.6 | 6.8 | +7.8 | 6.6 | 4(+) | 25.1 | 64.4 | 10.5 |
General Business Conditions Current (versus previous month) | ||||||||
Indicator | Aug Index | Jul Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 3.3 | 4.7 | –1.4 | 4.3 | 2(+) | 24.3 | 54.7 | 21.0 |
General Business Activity | –1.8 | 0.9 | –2.7 | 0.4 | 1(–) | 21.7 | 54.8 | 23.5 |
Indicator | Aug Index | Jul Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty | 18.3 | 11.2 | +7.1 | 17.2 | 52(+) | 24.4 | 69.5 | 6.1 |
Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
Indicator | Aug Index | Jul Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 40.4 | 30.3 | +10.1 | 36.1 | 64(+) | 53.0 | 34.4 | 12.6 |
Capacity Utilization | 40.4 | 27.8 | +12.6 | 33.0 | 64(+) | 50.6 | 39.2 | 10.2 |
New Orders | 36.0 | 23.7 | +12.3 | 33.5 | 34(+) | 48.4 | 39.2 | 12.4 |
Growth Rate of Orders | 28.4 | 18.8 | +9.6 | 24.8 | 27(+) | 40.1 | 48.3 | 11.7 |
Unfilled Orders | 11.6 | –4.2 | +15.8 | 2.8 | 1(+) | 19.6 | 72.4 | 8.0 |
Shipments | 37.2 | 21.0 | +16.2 | 34.5 | 64(+) | 46.4 | 44.4 | 9.2 |
Delivery Time | –1.9 | –5.6 | +3.7 | –1.4 | 6(–) | 7.6 | 82.9 | 9.5 |
Finished Goods Inventories | –1.3 | –5.4 | +4.1 | –0.2 | 6(–) | 14.7 | 69.3 | 16.0 |
Prices Paid for Raw Materials | 47.8 | 47.7 | +0.1 | 33.7 | 65(+) | 52.2 | 43.4 | 4.4 |
Prices Received for Finished Goods | 35.5 | 43.2 | –7.7 | 21.2 | 64(+) | 43.4 | 48.7 | 7.9 |
Wages and Benefits | 42.1 | 37.2 | +4.9 | 39.1 | 64(+) | 42.3 | 57.5 | 0.2 |
Employment | 27.6 | 27.3 | +0.3 | 22.8 | 63(+) | 34.3 | 59.0 | 6.7 |
Hours Worked | 6.8 | 8.5 | –1.7 | 8.7 | 2(+) | 16.8 | 73.2 | 10.0 |
Capital Expenditures | 23.3 | 15.5 | +7.8 | 19.4 | 63(+) | 33.7 | 55.9 | 10.4 |
General Business Conditions Future (six months ahead) | ||||||||
Indicator | Aug Index | Jul Index | Change | Series Average | Trend** | % Reporting Increase | % Reporting No Change | % Reporting Worsened |
Company Outlook | 26.8 | 21.6 | +5.2 | 18.3 | 4(+) | 36.8 | 53.2 | 10.0 |
General Business Activity | 24.8 | 19.0 | +5.8 | 12.4 | 4(+) | 34.0 | 56.8 | 9.2 |
*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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