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Texas Manufacturing Outlook Survey

February 24, 2020

Results Table

Report


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)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

16.4

10.5

+5.9

10.5

3(+)

36.4

43.6

20.0

Capacity Utilization

11.3

11.5

–0.2

8.2

3(+)

31.1

49.1

19.8

New Orders

8.4

17.6

–9.2

6.5

3(+)

32.3

43.7

23.9

Growth Rate of Orders

3.6

6.1

–2.5

0.1

2(+)

22.7

58.2

19.1

Unfilled Orders

0.5

–3.6

+4.1

–2.9

1(+)

14.0

72.5

13.5

Shipments

8.5

8.6

–0.1

9.2

3(+)

30.0

48.4

21.5

Delivery Time

2.6

–3.0

+5.6

–0.5

1(+)

14.1

74.4

11.5

Finished Goods Inventories

–5.5

–3.5

–2.0

–3.1

11(–)

12.7

69.1

18.2

Prices Paid for Raw Materials

12.8

9.5

+3.3

24.6

47(+)

23.9

65.0

11.1

Prices Received for Finished Goods

–0.1

–1.9

+1.8

6.4

2(–)

11.8

76.3

11.9

Wages and Benefits

22.6

16.3

+6.3

18.8

127(+)

25.6

71.4

3.0

Employment

–0.9

1.9

–2.8

6.5

1(–)

14.8

69.5

15.7

Hours Worked

2.1

–0.2

+2.3

2.8

1(+)

19.8

62.5

17.7

Capital Expenditures

6.9

9.1

–2.2

7.0

42(+)

20.9

65.1

14.0

General Business Conditions
Current (versus previous month)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend**% Reporting Improved% Reporting No Change% Reporting Worsened

Company Outlook

3.6

1.9

+1.7

7.2

3(+)

20.7

62.2

17.1

General Business Activity

1.2

–0.2

+1.4

2.9

1(+)

18.8

63.6

17.6

IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty†

11.0

2.7

+8.3

9.4

21(+)

22.9

65.1

11.9

Business Indicators Relating to Facilities and Products in Texas
Future (six months ahead)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

35.0

38.9

–3.9

38.7

132(+)

45.0

45.0

10.0

Capacity Utilization

33.0

37.4

–4.4

35.5

132(+)

42.9

47.1

9.9

New Orders

34.1

40.1

–6.0

36.5

132(+)

43.3

47.4

9.2

Growth Rate of Orders

30.0

27.0

+3.0

26.9

132(+)

37.8

54.4

7.8

Unfilled Orders

5.4

8.3

–2.9

4.0

2(+)

13.2

79.0

7.8

Shipments

27.3

38.3

–11.0

37.4

132(+)

39.9

47.5

12.6

Delivery Time

8.7

5.8

+2.9

–1.8

5(+)

16.0

76.7

7.3

Finished Goods Inventories

16.8

0.9

+15.9

–0.4

3(+)

27.7

61.4

10.9

Prices Paid for Raw Materials

21.4

20.2

+1.2

33.7

131(+)

27.2

67.0

5.8

Prices Received for Finished Goods

11.6

10.0

+1.6

19.5

49(+)

19.4

72.8

7.8

Wages and Benefits

39.7

42.4

–2.7

38.3

189(+)

41.5

56.7

1.8

Employment

20.4

25.3

–4.9

22.3

87(+)

33.1

54.2

12.7

Hours Worked

12.2

14.2

–2.0

9.4

45(+)

21.0

70.2

8.8

Capital Expenditures

21.2

28.3

–7.1

20.2

123(+)

30.2

60.8

9.0

General Business Conditions
Future (six months ahead)
IndicatorFeb IndexJan IndexChangeSeries
Average
Trend**% Reporting Increase% Reporting No Change% Reporting Worsened

Company Outlook

24.1

15.6

+8.5

21.1

49(+)

36.3

51.5

12.2

General Business Activity

18.0

7.6

+10.4

14.5

5(+)

32.1

53.8

14.1

*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.

†Added to survey in January 2018.

Data have been seasonally adjusted as necessary, with the exception of the outlook uncertainty index, which does not yet have a sufficiently long time series to test for seasonality.

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

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