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Texas Manufacturing Outlook Survey

General Business Activity Index

November 2012

General Business Activity—Index

Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Nov 12
Current General Business Activity, seasonally adjusted
4.6
-0.3
15.3
17.8
10.8
-3.4
-5.1
5.8
-13.2
-1.6
-0.9
1.8
-2.8
Future General Business Activity, seasonally adjusted (six months from report period)
7.7
9.5
22.3
15.9
19.1
15.7
4.3
1.3
-7.3
-5.1
5.5
16.8
-5.3

General Business Activity—Composition of Responses

 
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Nov 12
Current General Business Activity, seasonally adjusted
% Improved
12.3
13.8
24.5
25.5
23.0
12.8
14.9
24.2
16.3
20.5
20.0
22.6
18.2
% No Change
80.1
72.1
66.4
66.8
64.8
71.0
65.1
57.4
54.2
57.4
59.1
56.6
60.8
% Worsened
7.7
14.1
9.2
7.7
12.2
16.2
20.0
18.4
29.5
22.1
20.9
20.8
21.0
 
Nov 11
Dec 11
Jan 12
Feb 12
Mar 12
Apr 12
May 12
Jun 12
Jul 12
Aug 12
Sep 12
Oct 12
Nov 12
Future General Business Activity, seasonally adjusted (six months from report period)
% Improved
21.1
19.3
28.4
24.4
27.6
25.9
19.3
19.4
13.8
14.6
23.3
31.9
20.1
% No Change
65.6
70.9
65.5
67.1
63.9
63.9
65.7
62.5
65.1
65.7
58.9
53.0
54.5
% Worsened
13.4
9.8
6.1
8.5
8.5
10.2
15.0
18.1
21.1
19.7
17.8
15.1
25.4

NOTE: Survey responses are used to calculate an index for each indicator. Each index is calculated by subtracting the percentage of respondents reporting a decrease from the percentage reporting an increase. When the share of firms reporting an increase exceeds the share of firms reporting a decrease, the index will be greater than zero, suggesting the indicator has increased over the prior month. If the share of firms reporting a decrease exceeds the share reporting an increase, the index will be below zero, suggesting the indicator has decreased over the prior month. An index will be zero when the number of firms reporting an increase is equal to the number of firms reporting a decrease. Items may not add up to 100 percent because of rounding.

Questions regarding the Texas Manufacturing Outlook Survey can be addressed to Emily Kerr at emily.kerr@dal.frb.org.

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