Texas Manufacturing Outlook Survey

August 31, 2026

Results Table

Business Indicators Relating to Facilities and Products in Texas Current (versus previous month)
Indicator	Aug Index	Jul Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	16.1	10.1	+6.0	9.6	8(+)	36.2	43.7	20.1
Capacity Utilization	12.8	5.9	+6.9	7.5	8(+)	32.5	47.8	19.7
New Orders	22.0	6.4	+15.6	4.7	8(+)	44.0	33.9	22.0
Growth Rate of Orders	8.1	–0.4	+8.5	–1.1	1(+)	27.3	53.5	19.2
Unfilled Orders	–1.3	–2.0	+0.7	–2.7	3(–)	15.1	68.5	16.4
Shipments	14.1	8.8	+5.3	7.8	8(+)	35.3	43.5	21.2
Delivery Time	12.5	2.3	+10.2	0.6	4(+)	18.6	75.3	6.1
Finished Goods Inventories	2.9	1.5	+1.4	–3.3	3(+)	17.4	68.1	14.5
Prices Paid for Raw Materials	44.1	41.3	+2.8	27.9	76(+)	48.6	46.9	4.5
Prices Received for Finished Goods	22.7	25.6	–2.9	9.2	20(+)	29.0	64.7	6.3
Wages and Benefits	21.1	30.8	–9.7	21.1	76(+)	22.9	75.3	1.8
Employment	8.0	12.2	–4.2	7.1	4(+)	18.0	72.0	10.0
Hours Worked	5.9	4.3	+1.6	3.0	8(+)	17.5	70.9	11.6
Capital Expenditures	8.2	12.2	–4.0	6.7	6(+)	21.4	65.4	13.2

General Business Conditions Current (versus previous month)
Indicator	Aug Index	Jul Index	Change	Series Average	Trend**	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	19.2	13.4	+5.8	4.1	5(+)	33.0	53.2	13.8
General Business Activity	11.6	1.3	+10.3	0.2	2(+)	31.9	47.8	20.3

Indicator	Aug Index	Jul Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Outlook Uncertainty	8.7	6.4	+2.3	16.7	8(+)	21.7	65.2	13.0

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	Aug Index	Jul Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	40.9	34.6	+6.3	36.0	76(+)	50.4	40.1	9.5
Capacity Utilization	38.6	29.7	+8.9	32.8	76(+)	46.8	44.9	8.2
New Orders	42.4	29.2	+13.2	33.4	46(+)	48.5	45.4	6.1
Growth Rate of Orders	41.0	24.6	+16.4	24.7	36(+)	44.4	52.2	3.4
Unfilled Orders	15.3	11.7	+3.6	2.8	3(+)	22.3	70.7	7.0
Shipments	45.2	30.3	+14.9	34.3	76(+)	52.1	41.0	6.9
Delivery Time	15.4	2.3	+13.1	–1.2	4(+)	17.6	80.2	2.2
Finished Goods Inventories	–1.6	–1.7	+0.1	–0.2	4(–)	13.6	71.2	15.2
Prices Paid for Raw Materials	53.5	45.5	+8.0	34.2	77(+)	53.8	45.9	0.3
Prices Received for Finished Goods	40.9	34.4	+6.5	21.9	76(+)	42.4	56.1	1.5
Wages and Benefits	46.9	40.8	+6.1	39.0	267(+)	46.9	53.1	0.0
Employment	34.5	20.1	+14.4	22.7	75(+)	40.1	54.3	5.6
Hours Worked	15.6	4.8	+10.8	8.5	6(+)	17.1	81.4	1.5
Capital Expenditures	25.9	25.9	0.0	19.4	75(+)	33.5	58.9	7.6

General Business Conditions Future (six months ahead)
Indicator	Aug Index	Jul Index	Change	Series Average	Trend**	% Reporting Increase	% Reporting No Change	% Reporting Worsened
Company Outlook	35.3	28.7	+6.6	18.4	16(+)	40.7	53.9	5.4
General Business Activity	37.2	26.5	+10.7	12.5	16(+)	42.2	52.8	5.0

*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.