Surveys

Texas Manufacturing Outlook Survey

Results Table

July 25, 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	Jul Index	Jun Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	0.4	–7.0	+7.4	Increasing	1	25.9	48.6	25.5
Capacity Utilization	0.3	–9.3	+9.6	Increasing	1	22.5	55.3	22.2
New Orders	–8.0	–14.2	+6.2	Decreasing	3	22.4	47.2	30.4
Growth Rate of Orders	–9.7	–18.6	+8.9	Decreasing	21	18.2	53.9	27.9
Unfilled Orders	–4.6	–13.6	+9.0	Decreasing	20	11.2	73.0	15.8
Shipments	0.1	–8.6	+8.7	Increasing	1	24.9	50.3	24.8
Delivery Time	–2.8	–7.6	+4.8	Decreasing	8	10.0	77.2	12.8
Materials Inventories	–10.4	–6.0	–4.4	Decreasing	12	13.1	63.4	23.5
Finished Goods Inventories	–9.9	–4.4	–5.5	Decreasing	3	11.7	66.7	21.6
Prices Paid for Raw Materials	7.6	12.6	–5.0	Increasing	4	16.9	73.8	9.3
Prices Received for Finished Goods	–5.7	–5.2	–0.5	Decreasing	19	6.4	81.5	12.1
Wages and Benefits	10.5	21.6	–11.1	Increasing	80	12.1	86.3	1.6
Employment	–2.6	–11.5	+8.9	Decreasing	7	14.2	69.0	16.8
Hours Worked	–0.2	–12.8	+12.6	Decreasing	7	17.2	65.4	17.4
Capital Expenditures	4.8	–2.1	+6.9	Increasing	1	12.5	79.8	7.7

General Business Conditions Current (versus previous month)
Indicator	Index	Jun Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Improved	% Reporting No Change	% Reporting Worsened
Company Outlook	–2.3	–11.0	+8.7	Worsening	8	16.2	65.3	18.5
General Business Activity	–1.3	–18.3	+17.0	Worsening	19	18.1	62.5	19.4

Business Indicators Relating to Facilities and Products in Texas Future (six months ahead)
Indicator	Jul Index	Jun Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Decrease
Production	45.2	27.1	+18.1	Increasing	89	54.4	36.4	9.2
Capacity Utilization	40.9	21.9	+19.0	Increasing	89	49.5	41.9	8.6
New Orders	42.8	26.6	+16.2	Increasing	89	50.7	41.4	7.9
Growth Rate of Orders	34.7	20.3	+14.4	Increasing	89	38.8	57.1	4.1
Unfilled Orders	4.3	2.1	+2.2	Increasing	10	14.6	75.1	10.3
Shipments	38.0	27.6	+10.4	Increasing	89	45.6	46.7	7.6
Delivery Time	0.8	0.5	+0.3	Increasing	2	8.9	83.0	8.1
Materials Inventories	5.9	–10.2	+16.1	Increasing	1	19.8	66.3	13.9
Finished Goods Inventories	5.9	–10.2	+16.1	Increasing	1	18.8	68.3	12.9
Prices Paid for Raw Materials	14.7	14.8	–0.1	Increasing	88	22.5	69.6	7.8
Prices Received for Finished Goods	5.9	6.7	–0.8	Increasing	6	15.7	74.5	9.8
Wages and Benefits	30.0	31.6	–1.6	Increasing	146	33.4	63.2	3.4
Employment	18.8	12.2	+6.6	Increasing	44	30.8	57.2	12.0
Hours Worked	10.0	4.6	+5.4	Increasing	2	19.4	71.2	9.4
Capital Expenditures	18.8	7.7	+11.1	Increasing	80	27.1	64.6	8.3

General Business Conditions Future (six months ahead)
Indicator	Index	Jun Index	Change	Indicator Direction*	Trend** (Months)	% Reporting Increase	% Reporting No Change	% Reporting Worsened
Company Outlook	22.8	7.9	+14.9	Improving	6	29.4	64.0	6.6
General Business Activity	18.4	2.6	+15.8	Improving	2	24.1	70.2	5.7

*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.