Texas Manufacturing Outlook Survey
Results Table
Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 6.0 | –9.1 | +15.1 | 9.6 | 1(+) | 28.8 | 48.4 | 22.8 |
Capacity Utilization | –2.3 | –8.7 | +6.4 | 7.5 | 2(–) | 22.6 | 52.5 | 24.9 |
New Orders | –0.1 | –3.5 | +3.4 | 4.9 | 2(–) | 26.7 | 46.4 | 26.8 |
Growth Rate of Orders | –8.1 | –7.5 | –0.6 | –0.9 | 2(–) | 15.3 | 61.3 | 23.4 |
Unfilled Orders | –8.3 | –9.9 | +1.6 | –2.4 | 7(–) | 9.1 | 73.5 | 17.4 |
Shipments | 6.1 | 5.6 | +0.5 | 8.0 | 4(+) | 26.7 | 52.7 | 20.6 |
Delivery Time | 3.4 | –6.3 | +9.7 | 0.7 | 1(+) | 10.7 | 82.0 | 7.3 |
Finished Goods Inventories | 7.2 | –9.1 | +16.3 | –3.2 | 1(+) | 24.1 | 59.0 | 16.9 |
Prices Paid for Raw Materials | 37.7 | 35.0 | +2.7 | 27.1 | 59(+) | 42.0 | 53.7 | 4.3 |
Prices Received for Finished Goods | 6.3 | 7.8 | –1.5 | 8.6 | 3(+) | 13.4 | 79.5 | 7.1 |
Wages and Benefits | 16.0 | 16.7 | –0.7 | 21.2 | 59(+) | 19.3 | 77.4 | 3.3 |
Employment | –4.6 | –0.7 | –3.9 | 7.3 | 2(–) | 11.8 | 71.8 | 16.4 |
Hours Worked | –2.9 | –14.2 | +11.3 | 3.1 | 2(–) | 8.6 | 79.9 | 11.5 |
Capital Expenditures | –0.6 | 8.6 | –9.2 | 6.6 | 1(–) | 20.4 | 58.6 | 21.0 |
General Business Conditions Current (versus previous month) | ||||||||
Indicator | Mar Index | Feb Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | –10.7 | –5.2 | –5.5 | 4.5 | 2(–) | 13.1 | 63.1 | 23.8 |
General Business Activity | –16.3 | –8.3 | –8.0 | 0.6 | 2(–) | 12.7 | 58.3 | 29.0 |
Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty | 36.2 | 29.2 | +7.0 | 17.0 | 47(+) | 45.8 | 44.6 | 9.6 |
Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
Indicator | Mar Index | Feb Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 27.6 | 28.3 | –0.7 | 36.3 | 59(+) | 43.3 | 40.9 | 15.7 |
Capacity Utilization | 16.3 | 28.4 | –12.1 | 33.2 | 59(+) | 32.5 | 51.3 | 16.2 |
New Orders | 28.6 | 25.8 | +2.8 | 33.8 | 29(+) | 44.6 | 39.5 | 16.0 |
Growth Rate of Orders | 18.1 | 19.6 | –1.5 | 24.9 | 22(+) | 32.8 | 52.5 | 14.7 |
Unfilled Orders | –1.9 | –1.4 | –0.5 | 2.8 | 2(–) | 11.4 | 75.3 | 13.3 |
Shipments | 21.7 | 32.1 | –10.4 | 34.7 | 59(+) | 36.4 | 48.9 | 14.7 |
Delivery Time | –7.9 | 0.5 | –8.4 | –1.3 | 1(–) | 4.2 | 83.7 | 12.1 |
Finished Goods Inventories | –1.3 | 4.8 | –6.1 | –0.1 | 1(–) | 14.5 | 69.7 | 15.8 |
Prices Paid for Raw Materials | 53.2 | 59.0 | –5.8 | 33.5 | 60(+) | 56.5 | 40.2 | 3.3 |
Prices Received for Finished Goods | 27.6 | 42.0 | –14.4 | 21.0 | 59(+) | 35.5 | 56.6 | 7.9 |
Wages and Benefits | 27.2 | 39.5 | –12.3 | 39.2 | 59(+) | 32.0 | 63.2 | 4.8 |
Employment | 17.6 | 16.5 | +1.1 | 22.9 | 58(+) | 30.4 | 56.8 | 12.8 |
Hours Worked | 1.2 | 8.8 | –7.6 | 8.8 | 12(+) | 12.9 | 75.4 | 11.7 |
Capital Expenditures | 10.1 | 21.1 | –11.0 | 19.4 | 58(+) | 27.4 | 55.3 | 17.3 |
General Business Conditions Future (six months ahead) | ||||||||
Indicator | Mar Index | Feb Index | Change | Series Average | Trend** | % Reporting Increase | % Reporting No Change | % Reporting Worsened |
Company Outlook | 4.2 | 13.9 | –9.7 | 18.4 | 16(+) | 26.8 | 50.6 | 22.6 |
General Business Activity | –6.6 | 7.7 | –14.3 | 12.4 | 1(–) | 21.4 | 50.6 | 28.0 |
*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.
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