Surveys

Texas Manufacturing Outlook Survey

September 29, 2025

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	5.2	15.3	–10.1	9.6	7(+)	25.9	53.4	20.7
Capacity Utilization	3.9	13.7	–9.8	7.4	3(+)	23.8	56.2	19.9
New Orders	–2.6	5.8	–8.4	4.7	1(–)	27.0	43.4	29.6
Growth Rate of Orders	–6.4	2.6	–9.0	–1.1	1(–)	21.9	49.8	28.3
Unfilled Orders	–8.4	–5.1	–3.3	–2.6	13(–)	8.0	75.6	16.4
Shipments	6.7	14.2	–7.5	7.9	3(+)	30.2	46.3	23.5
Delivery Time	–8.2	2.3	–10.5	0.6	1(–)	3.0	85.8	11.2
Finished Goods Inventories	–9.7	3.8	–13.5	–3.2	1(–)	11.1	68.1	20.8
Prices Paid for Raw Materials	43.4	43.7	–0.3	27.5	65(+)	45.1	53.2	1.7
Prices Received for Finished Goods	11.7	15.1	–3.4	8.7	9(+)	20.5	70.7	8.8
Wages and Benefits	15.9	15.4	+0.5	21.0	65(+)	16.2	83.5	0.3
Employment	–3.4	8.8	–12.2	7.2	1(–)	12.7	71.3	16.1
Hours Worked	3.4	15.0	–11.6	3.0	3(+)	18.3	66.8	14.9
Capital Expenditures	13.3	14.6	–1.3	6.6	5(+)	21.9	69.5	8.6

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	–1.0	3.3	–4.3	4.2	1(–)	19.9	59.2	20.9
General Business Activity	–8.7	–1.8	–6.9	0.3	2(–)	17.9	55.5	26.6

Indicator	Sep Index	Aug Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Outlook Uncertainty	13.9	18.3	–4.4	17.2	53(+)	26.4	61.1	12.5

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	31.6	40.4	–8.8	36.1	65(+)	45.1	41.4	13.5
Capacity Utilization	23.8	40.4	–16.6	33.0	65(+)	38.7	46.3	14.9
New Orders	34.3	36.0	–1.7	33.5	35(+)	49.0	36.3	14.7
Growth Rate of Orders	32.7	28.4	+4.3	24.8	28(+)	44.4	44.0	11.7
Unfilled Orders	–0.8	11.6	–12.4	2.7	1(–)	12.0	75.2	12.8
Shipments	30.0	37.2	–7.2	34.5	65(+)	44.5	41.0	14.5
Delivery Time	–0.8	–1.9	+1.1	–1.4	7(–)	7.3	84.6	8.1
Finished Goods Inventories	–10.3	–1.3	–9.0	–0.3	7(–)	5.9	77.9	16.2
Prices Paid for Raw Materials	47.1	47.8	–0.7	33.7	66(+)	52.2	42.7	5.1
Prices Received for Finished Goods	39.7	35.5	+4.2	21.3	65(+)	48.5	42.6	8.8
Wages and Benefits	28.4	42.1	–13.7	39.0	65(+)	32.8	62.8	4.4
Employment	12.7	27.6	–14.9	22.8	64(+)	31.9	48.8	19.2
Hours Worked	3.2	6.8	–3.6	8.7	3(+)	14.6	74.0	11.4
Capital Expenditures	12.5	23.3	–10.8	19.4	64(+)	27.5	57.5	15.0

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	11.7	26.8	–15.1	18.3	5(+)	31.9	47.9	20.2
General Business Activity	8.4	24.8	–16.4	12.3	5(+)	26.9	54.6	18.5

*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.