Texas Manufacturing Outlook Survey

April 27, 2026

Results Table

Business Indicators Relating to Facilities and Products in Texas Current (versus previous month)
Indicator	Apr Index	Mar Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	19.0	6.8	+12.2	9.6	4(+)	36.8	45.3	17.8
Capacity Utilization	19.8	7.2	+12.6	7.5	4(+)	34.2	51.4	14.4
New Orders	9.9	6.1	+3.8	4.7	4(+)	32.5	44.8	22.6
Growth Rate of Orders	8.5	2.2	+6.3	–1.1	3(+)	25.8	56.9	17.3
Unfilled Orders	–6.5	–6.1	–0.4	–2.7	2(–)	12.4	68.7	18.9
Shipments	15.0	1.8	+13.2	7.8	4(+)	32.0	51.0	17.0
Delivery Time	–7.4	2.8	–10.2	0.5	1(–)	9.8	73.0	17.2
Finished Goods Inventories	–12.1	–5.0	–7.1	–3.3	2(–)	10.6	66.7	22.7
Prices Paid for Raw Materials	37.0	32.7	+4.3	27.7	72(+)	42.8	51.4	5.8
Prices Received for Finished Goods	27.6	18.4	+9.2	9.0	16(+)	31.0	65.6	3.4
Wages and Benefits	24.8	25.2	–0.4	21.0	72(+)	30.3	64.2	5.5
Employment	–0.9	–1.0	+0.1	7.1	2(–)	14.1	70.9	15.0
Hours Worked	4.0	0.9	+3.1	3.0	4(+)	16.5	71.0	12.5
Capital Expenditures	3.1	5.7	–2.6	6.6	2(+)	15.2	72.6	12.1

General Business Conditions Current (versus previous month)
Indicator	Apr Index	Mar Index	Change	Series Average	Trend**	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	3.0	–3.5	+6.5	4.1	1(+)	23.6	55.8	20.6
General Business Activity	–2.3	–0.2	–2.1	0.2	2(–)	19.6	58.5	21.9

Indicator	Apr Index	Mar Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Outlook Uncertainty	17.9	26.0	–8.1	16.9	4(+)	32.8	52.2	14.9

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	Apr Index	Mar Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	34.6	35.7	–1.1	36.0	72(+)	47.8	39.0	13.2
Capacity Utilization	37.4	27.0	+10.4	32.8	72(+)	48.0	41.4	10.6
New Orders	31.4	29.2	+2.2	33.4	42(+)	44.4	42.6	13.0
Growth Rate of Orders	24.4	17.5	+6.9	24.7	32(+)	37.4	49.7	13.0
Unfilled Orders	6.0	–0.7	+6.7	2.7	1(+)	11.7	82.6	5.7
Shipments	36.3	28.8	+7.5	34.3	72(+)	46.3	43.8	10.0
Delivery Time	–2.2	3.8	–6.0	–1.3	1(–)	6.5	84.8	8.7
Finished Goods Inventories	4.9	4.1	+0.8	–0.2	5(+)	19.4	66.1	14.5
Prices Paid for Raw Materials	47.3	50.7	–3.4	34.0	73(+)	51.3	44.7	4.0
Prices Received for Finished Goods	38.1	39.2	–1.1	21.7	72(+)	44.4	49.2	6.3
Wages and Benefits	35.5	38.0	–2.5	39.0	263(+)	39.9	55.7	4.4
Employment	21.6	19.5	+2.1	22.7	71(+)	33.4	54.8	11.8
Hours Worked	0.7	1.4	–0.7	8.5	2(+)	9.3	82.1	8.6
Capital Expenditures	21.6	24.8	–3.2	19.4	71(+)	28.9	63.8	7.3

General Business Conditions Future (six months ahead)
Indicator	Apr Index	Mar Index	Change	Series Average	Trend**	% Reporting Increase	% Reporting No Change	% Reporting Worsened
Company Outlook	15.6	18.2	–2.6	18.3	12(+)	30.2	55.2	14.6
General Business Activity	14.1	10.6	+3.5	12.3	12(+)	28.0	58.1	13.9

*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.