Texas Manufacturing Outlook Survey

October 26, 2026

Results Table

Business Indicators Relating to Facilities and Products in Texas Current (versus previous month)
Indicator	Oct Index	Sep Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	15.8	29.5	–13.7	9.7	10(+)	31.7	52.4	15.9
Capacity Utilization	13.7	23.9	–10.2	7.6	10(+)	28.5	56.7	14.8
New Orders	9.3	30.7	–21.4	4.9	10(+)	22.9	63.5	13.6
Growth Rate of Orders	16.0	19.1	–3.1	–1.0	3(+)	27.5	61.0	11.5
Unfilled Orders	10.1	22.7	–12.6	–2.5	2(+)	18.0	74.1	7.9
Shipments	8.4	24.8	–16.4	7.9	10(+)	27.0	54.4	18.6
Delivery Time	7.3	17.5	–10.2	0.7	6(+)	15.2	76.9	7.9
Finished Goods Inventories	–10.9	–9.5	–1.4	–3.3	2(–)	9.4	70.3	20.3
Prices Paid for Raw Materials	55.3	52.2	+3.1	28.1	78(+)	56.6	42.1	1.3
Prices Received for Finished Goods	29.9	27.6	+2.3	9.3	22(+)	30.0	69.9	0.1
Wages and Benefits	20.8	27.4	–6.6	21.1	78(+)	23.8	73.2	3.0
Employment	11.6	15.1	–3.5	7.1	6(+)	24.2	63.2	12.6
Hours Worked	10.1	5.6	+4.5	3.0	10(+)	18.7	72.7	8.6
Capital Expenditures	11.9	8.5	+3.4	6.7	8(+)	21.2	69.5	9.3

General Business Conditions Current (versus previous month)
Indicator	Oct Index	Sep Index	Change	Series Average	Trend**	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	16.1	8.7	+7.4	4.2	7(+)	26.3	63.5	10.2
General Business Activity	13.4	9.8	+3.6	0.3	4(+)	25.9	61.6	12.5

Indicator	Oct Index	Sep Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Outlook Uncertainty	7.9	11.3	–3.4	16.5	10(+)	18.8	70.3	10.9

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	Oct Index	Sep Index	Change	Series Average	Trend*	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	39.4	40.3	–0.9	36.0	78(+)	46.9	45.6	7.5
Capacity Utilization	37.8	38.8	–1.0	32.8	78(+)	43.4	51.0	5.6
New Orders	41.9	39.5	+2.4	33.5	48(+)	51.3	39.3	9.4
Growth Rate of Orders	34.8	29.2	+5.6	24.7	38(+)	38.9	57.0	4.1
Unfilled Orders	8.0	13.8	–5.8	2.8	5(+)	15.2	77.6	7.2
Shipments	43.1	39.2	+3.9	34.4	78(+)	45.7	51.7	2.6
Delivery Time	6.7	13.9	–7.2	–1.1	6(+)	15.6	75.5	8.9
Finished Goods Inventories	0.0	1.8	–1.8	–0.2	1()	16.4	67.2	16.4
Prices Paid for Raw Materials	51.7	51.3	+0.4	34.3	79(+)	56.5	38.7	4.8
Prices Received for Finished Goods	41.0	42.8	–1.8	22.0	78(+)	44.3	52.5	3.3
Wages and Benefits	46.7	48.3	–1.6	39.1	269(+)	48.7	49.3	2.0
Employment	31.5	18.1	+13.4	22.7	77(+)	39.7	52.1	8.2
Hours Worked	15.2	14.5	+0.7	8.6	8(+)	19.6	76.0	4.4
Capital Expenditures	22.2	23.1	–0.9	19.4	77(+)	34.9	52.4	12.7

General Business Conditions Future (six months ahead)
Indicator	Oct Index	Sep Index	Change	Series Average	Trend**	% Reporting Increase	% Reporting No Change	% Reporting Worsened
Company Outlook	31.1	31.5	–0.4	18.5	18(+)	39.9	51.3	8.8
General Business Activity	38.1	20.8	+17.3	12.6	18(+)	44.7	48.7	6.6

*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.