Texas Manufacturing Outlook Survey

June 29, 2026

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	4.1	9.4	–5.3	9.6	6(+)	30.1	43.9	26.0
Capacity Utilization	7.3	5.2	+2.1	7.5	6(+)	30.6	46.2	23.3
New Orders	2.3	6.4	–4.1	4.7	6(+)	27.4	47.4	25.1
Growth Rate of Orders	–2.0	–2.9	+0.9	–1.1	2(–)	21.4	55.2	23.4
Unfilled Orders	–2.8	3.3	–6.1	–2.7	1(–)	9.9	77.4	12.7
Shipments	7.1	7.4	–0.3	7.8	6(+)	29.1	48.8	22.0
Delivery Time	0.9	1.4	–0.5	0.5	2(+)	9.5	81.9	8.6
Finished Goods Inventories	7.8	–12.0	+19.8	–3.3	1(+)	23.4	60.9	15.6
Prices Paid for Raw Materials	42.4	42.7	–0.3	27.8	74(+)	47.6	47.2	5.2
Prices Received for Finished Goods	28.6	18.9	+9.7	9.1	18(+)	31.6	65.4	3.0
Wages and Benefits	26.0	23.6	+2.4	21.1	74(+)	29.0	68.0	3.0
Employment	13.9	0.2	+13.7	7.1	2(+)	20.8	72.3	6.9
Hours Worked	5.9	1.8	+4.1	3.0	6(+)	17.0	71.9	11.1
Capital Expenditures	11.4	6.0	+5.4	6.6	4(+)	20.9	69.6	9.5

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	2.3	0.3	+2.0	4.0	3(+)	19.9	62.6	17.6
General Business Activity	0.0	0.4	–0.4	0.2	1()	23.1	53.8	23.1

Indicator	Jun Index	May Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Outlook Uncertainty	10.9	19.2	–8.3	16.9	6(+)	25.0	60.9	14.1

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	34.8	36.8	–2.0	36.0	74(+)	46.1	42.7	11.3
Capacity Utilization	33.8	28.5	+5.3	32.8	74(+)	45.6	42.6	11.8
New Orders	35.5	28.6	+6.9	33.4	44(+)	46.5	42.4	11.0
Growth Rate of Orders	28.3	12.9	+15.4	24.6	34(+)	41.1	46.1	12.8
Unfilled Orders	3.4	0.0	+3.4	2.7	1(+)	11.8	79.8	8.4
Shipments	35.1	33.7	+1.4	34.3	74(+)	45.8	43.5	10.7
Delivery Time	5.5	3.1	+2.4	–1.3	2(+)	13.7	78.1	8.2
Finished Goods Inventories	–8.1	–2.9	–5.2	–0.2	2(–)	11.3	69.4	19.4
Prices Paid for Raw Materials	32.0	44.9	–12.9	34.1	75(+)	41.7	48.5	9.7
Prices Received for Finished Goods	27.5	28.1	–0.6	21.8	74(+)	32.3	62.9	4.8
Wages and Benefits	45.8	37.9	+7.9	39.0	265(+)	49.2	47.5	3.4
Employment	25.4	17.9	+7.5	22.7	73(+)	36.1	53.2	10.7
Hours Worked	10.8	11.8	–1.0	8.5	4(+)	15.8	79.2	5.0
Capital Expenditures	27.0	12.6	+14.4	19.4	73(+)	37.9	51.2	10.9

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	28.5	16.5	+12.0	18.3	14(+)	39.3	49.9	10.8
General Business Activity	25.9	14.3	+11.6	12.4	14(+)	36.6	52.7	10.7

*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.