Texas Manufacturing Outlook Survey

March 30, 2026

Results Table

Business Indicators Relating to Facilities and Products in Texas Current (versus previous month)
Indicator	Mar Index	Feb Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	6.8	12.5	–5.7	9.6	3(+)	22.0	62.8	15.2
Capacity Utilization	7.2	11.8	–4.6	7.4	3(+)	22.0	63.2	14.8
New Orders	6.1	11.1	–5.0	4.7	3(+)	27.7	50.7	21.6
Growth Rate of Orders	2.2	8.6	–6.4	–1.2	2(+)	19.7	62.8	17.5
Unfilled Orders	–6.1	2.9	–9.0	–2.7	1(–)	14.3	65.3	20.4
Shipments	1.8	9.9	–8.1	7.8	3(+)	20.7	60.4	18.9
Delivery Time	2.8	11.6	–8.8	0.6	2(+)	13.9	75.0	11.1
Finished Goods Inventories	–5.0	8.9	–13.9	–3.3	1(–)	12.7	69.6	17.7
Prices Paid for Raw Materials	32.7	31.7	+1.0	27.7	71(+)	40.6	51.5	7.9
Prices Received for Finished Goods	18.4	17.9	+0.5	8.9	15(+)	24.5	69.4	6.1
Wages and Benefits	25.2	31.9	–6.7	21.0	71(+)	27.3	70.6	2.1
Employment	–1.0	7.5	–8.5	7.1	1(–)	15.0	69.0	16.0
Hours Worked	0.9	6.1	–5.2	3.0	3(+)	11.9	77.1	11.0
Capital Expenditures	5.7	–0.4	+6.1	6.6	1(+)	15.2	75.3	9.5

General Business Conditions Current (versus previous month)
Indicator	Mar Index	Feb Index	Change	Series Average	Trend**	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	–3.5	3.1	–6.6	4.1	1(–)	14.0	68.5	17.5
General Business Activity	–0.2	0.2	–0.4	0.2	1(–)	21.0	57.8	21.2

Indicator	Mar Index	Feb Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Outlook Uncertainty	26.0	6.5	+19.5	16.9	3(+)	37.7	50.6	11.7

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	Mar Index	Feb Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	35.7	34.3	+1.4	36.0	71(+)	49.3	37.2	13.6
Capacity Utilization	27.0	27.3	–0.3	32.8	71(+)	42.8	41.4	15.8
New Orders	29.2	25.0	+4.2	33.4	41(+)	43.1	42.9	13.9
Growth Rate of Orders	17.5	14.5	+3.0	24.7	31(+)	31.9	53.7	14.4
Unfilled Orders	–0.7	5.8	–6.5	2.7	1(–)	11.7	75.9	12.4
Shipments	28.8	31.6	–2.8	34.3	71(+)	43.2	42.5	14.4
Delivery Time	3.8	1.1	+2.7	–1.3	4(+)	11.2	81.4	7.4
Finished Goods Inventories	4.1	2.7	+1.4	–0.2	4(+)	14.9	74.3	10.8
Prices Paid for Raw Materials	50.7	42.7	+8.0	34.0	72(+)	54.5	41.7	3.8
Prices Received for Finished Goods	39.2	39.5	–0.3	21.7	71(+)	41.9	55.4	2.7
Wages and Benefits	38.0	41.7	–3.7	39.0	262(+)	39.1	59.8	1.1
Employment	19.5	16.8	+2.7	22.7	70(+)	32.7	54.1	13.2
Hours Worked	1.4	–0.4	+1.8	8.5	1(+)	13.1	75.2	11.7
Capital Expenditures	24.8	10.7	+14.1	19.4	70(+)	33.0	58.8	8.2

General Business Conditions Future (six months ahead)
Indicator	Mar Index	Feb Index	Change	Series Average	Trend**	% Reporting Increase	% Reporting No Change	% Reporting Worsened
Company Outlook	18.2	25.7	–7.5	18.3	11(+)	35.9	46.3	17.7
General Business Activity	10.6	12.7	–2.1	12.3	11(+)	30.9	48.7	20.3

*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.