Surveys

Texas Manufacturing Outlook Survey

Results Table

June 27, 2016

Click on links in the table for greater details. Historical data are available from June 2004 to the most current release month.

Business Indicators Relating to Facilities and Products in Texas Current (versus previous month)
Indicator	Jun Index	May Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	–7.0	–13.1	+6.1	Decreasing	2	22.4	48.3	29.4
Capacity Utilization	–9.3	–11.0	+1.7	Decreasing	2	17.9	54.9	27.2
New Orders	–14.2	–14.9	+0.7	Decreasing	2	19.9	45.9	34.1
Growth Rate of Orders	–18.6	–14.7	–3.9	Decreasing	20	14.2	53.0	32.8
Unfilled Orders	–13.6	–9.3	–4.3	Decreasing	19	13.3	59.8	26.9
Shipments	–8.6	–11.5	+2.9	Decreasing	2	22.3	46.8	30.9
Delivery Time	–7.6	–4.6	–3.0	Decreasing	7	6.6	79.2	14.2
Materials Inventories	–6.0	–2.5	–3.5	Decreasing	11	16.4	61.2	22.4
Finished Goods Inventories	–4.4	–8.1	+3.7	Decreasing	2	14.0	67.5	18.4
Prices Paid for Raw Materials	12.6	12.4	+0.2	Increasing	3	21.4	69.8	8.8
Prices Received for Finished Goods	–5.2	–3.3	–1.9	Decreasing	18	8.0	78.8	13.2
Wages and Benefits	21.6	21.8	–0.2	Increasing	79	25.2	71.2	3.6
Employment	–11.5	–6.7	–4.8	Decreasing	6	6.4	75.7	17.9
Hours Worked	–12.8	–11.8	–1.0	Decreasing	6	11.4	64.4	24.2
Capital Expenditures	–2.1	–6.6	+4.5	Decreasing	2	14.2	69.5	16.3

General Business Conditions Current (versus previous month)
Indicator	Index	May Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	–11.0	–16.1	+5.1	Worsening	7	13.2	62.6	24.2
General Business Activity	–18.3	–20.8	+2.5	Worsening	18	12.1	57.5	30.4

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	Jun Index	May Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	27.1	24.6	+2.5	Increasing	88	39.7	47.8	12.6
Capacity Utilization	21.9	25.7	–3.8	Increasing	88	34.5	52.9	12.6
New Orders	26.6	24.0	+2.6	Increasing	88	38.4	49.7	11.8
Growth Rate of Orders	20.3	10.2	+10.1	Increasing	88	28.3	63.7	8.0
Unfilled Orders	2.1	2.1	0.0	Increasing	9	15.9	70.3	13.8
Shipments	27.6	24.4	+3.2	Increasing	88	40.6	46.3	13.0
Delivery Time	0.5	–4.4	+4.9	Increasing	1	9.4	81.7	8.9
Materials Inventories	–10.2	–6.7	–3.5	Decreasing	2	14.8	60.2	25.0
Finished Goods Inventories	–10.2	–8.6	–1.6	Decreasing	4	12.0	65.7	22.2
Prices Paid for Raw Materials	14.8	20.0	–5.2	Increasing	87	18.5	77.8	3.7
Prices Received for Finished Goods	6.7	3.8	+2.9	Increasing	5	14.2	78.3	7.5
Wages and Benefits	31.6	31.4	+0.2	Increasing	145	34.6	62.4	3.0
Employment	12.2	2.7	+9.5	Increasing	43	25.4	61.4	13.2
Hours Worked	4.6	–4.4	+9.0	Increasing	1	18.5	67.6	13.9
Capital Expenditures	7.7	2.9	+4.8	Increasing	79	18.3	71.2	10.6

General Business Conditions Future (six months ahead)
Indicator	Index	May Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Worsened
Company Outlook	7.9	4.4	+3.5	Improving	5	22.1	63.7	14.2
General Business Activity	2.6	–1.8	+4.4	Improving	1	19.3	64.0	16.7

*Indicator direction refers to this month's index. If index is positive (negative), indicator is increasing (decreasing) or improving (worsening). If zero, indicator is unchanged.

**Number of months moving in current direction.

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.