Texas Manufacturing Outlook Survey

July 27, 2026

Results Table

Business Indicators Relating to Facilities and Products in Texas Current (versus previous month)
Indicator	Jul Index	Jun Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	10.1	4.1	+6.0	9.6	7(+)	33.9	42.3	23.8
Capacity Utilization	5.9	7.3	–1.4	7.5	7(+)	28.6	48.7	22.7
New Orders	6.4	2.3	+4.1	4.7	7(+)	28.6	49.1	22.2
Growth Rate of Orders	–0.4	–2.0	+1.6	–1.1	3(–)	19.0	61.6	19.4
Unfilled Orders	–2.0	–2.8	+0.8	–2.7	2(–)	13.4	71.2	15.4
Shipments	8.8	7.1	+1.7	7.8	7(+)	31.8	45.2	23.0
Delivery Time	2.3	0.9	+1.4	0.5	3(+)	15.0	72.3	12.7
Finished Goods Inventories	1.5	7.8	–6.3	–3.3	2(+)	19.0	63.5	17.5
Prices Paid for Raw Materials	41.3	42.4	–1.1	27.9	75(+)	44.4	52.5	3.1
Prices Received for Finished Goods	25.6	28.6	–3.0	9.1	19(+)	30.0	65.6	4.4
Wages and Benefits	30.8	26.0	+4.8	21.1	75(+)	32.6	65.6	1.8
Employment	12.2	13.9	–1.7	7.1	3(+)	19.0	74.2	6.8
Hours Worked	4.3	5.9	–1.6	3.0	7(+)	14.2	75.9	9.9
Capital Expenditures	12.2	11.4	+0.8	6.6	5(+)	20.0	72.2	7.8

General Business Conditions Current (versus previous month)
Indicator	Jul Index	Jun Index	Change	Series Average	Trend**	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	13.4	2.3	+11.1	4.1	4(+)	27.0	59.4	13.6
General Business Activity	1.3	0.0	+1.3	0.2	1(+)	20.5	60.3	19.2

Indicator	Jul Index	Jun Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Outlook Uncertainty	6.4	10.9	–4.5	16.7	7(+)	17.5	71.4	11.1

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	Jul Index	Jun Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	34.6	34.8	–0.2	36.0	75(+)	47.2	40.2	12.6
Capacity Utilization	29.7	33.8	–4.1	32.8	75(+)	42.6	44.5	12.9
New Orders	29.2	35.5	–6.3	33.4	45(+)	41.0	47.2	11.8
Growth Rate of Orders	24.6	28.3	–3.7	24.6	35(+)	35.6	53.4	11.0
Unfilled Orders	11.7	3.4	+8.3	2.7	2(+)	19.6	72.5	7.9
Shipments	30.3	35.1	–4.8	34.3	75(+)	42.0	46.3	11.7
Delivery Time	2.3	5.5	–3.2	–1.3	3(+)	14.4	73.5	12.1
Finished Goods Inventories	–1.7	–8.1	+6.4	–0.2	3(–)	13.1	72.1	14.8
Prices Paid for Raw Materials	45.5	32.0	+13.5	34.1	76(+)	51.3	42.9	5.8
Prices Received for Finished Goods	34.4	27.5	+6.9	21.8	75(+)	41.0	52.5	6.6
Wages and Benefits	40.8	45.8	–5.0	39.0	266(+)	45.2	50.4	4.4
Employment	20.1	25.4	–5.3	22.7	74(+)	36.0	48.1	15.9
Hours Worked	4.8	10.8	–6.0	8.5	5(+)	12.0	80.8	7.2
Capital Expenditures	25.9	27.0	–1.1	19.4	74(+)	35.4	55.1	9.5

General Business Conditions Future (six months ahead)
Indicator	Jul Index	Jun Index	Change	Series Average	Trend**	% Reporting Increase	% Reporting No Change	% Reporting Worsened
Company Outlook	28.7	28.5	+0.2	18.3	15(+)	42.5	43.8	13.8
General Business Activity	26.5	25.9	+0.6	12.4	15(+)	38.4	49.7	11.9

*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.