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Texas Manufacturing Outlook Survey

March 30, 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)
IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

–35.3

16.4

–51.7

10.2

1(–)

8.7

47.3

44.0

Capacity Utilization

–33.4

11.3

–44.7

7.9

1(–)

9.8

47.0

43.2

New Orders

–41.3

8.4

–49.7

6.2

1(–)

10.0

38.7

51.3

Growth Rate of Orders

–44.9

3.6

–48.5

–0.1

1(–)

10.5

34.1

55.4

Unfilled Orders

–22.4

0.5

–22.9

–3.0

1(–)

5.8

66.0

28.2

Shipments

–33.8

8.5

–42.3

8.9

1(–)

10.2

45.7

44.0

Delivery Time

–3.0

2.6

–5.6

–0.5

1(–)

14.5

68.0

17.5

Finished Goods Inventories

–6.5

–5.5

–1.0

–3.1

12(–)

21.5

50.5

28.0

Prices Paid for Raw Materials

–5.9

12.8

–18.7

24.4

1(–)

9.0

76.1

14.9

Prices Received for Finished Goods

–9.2

–0.1

–9.1

6.3

3(–)

4.6

81.6

13.8

Wages and Benefits

5.5

22.6

–17.1

18.8

128(+)

11.4

82.7

5.9

Employment

–23.0

–0.9

–22.1

6.4

2(–)

2.6

71.8

25.6

Hours Worked

–22.4

2.1

–24.5

2.6

1(–)

10.7

56.2

33.1

Capital Expenditures

–34.3

6.9

–41.2

6.8

1(–)

6.3

53.1

40.6

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

Company Outlook

–65.6

3.6

–69.2

6.8

1(–)

1.3

31.8

66.9

General Business Activity

–70.0

1.2

–71.2

2.5

1(–)

0.4

29.2

70.4

IndicatorMar IndexFeb IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty†

62.6

11.0

+51.6

11.4

22(+)

78.5

5.6

15.9

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

Production

–18.7

35.0

–53.7

38.4

1(–)

27.7

25.9

46.4

Capacity Utilization

–15.8

33.0

–48.8

35.3

1(–)

24.3

35.6

40.1

New Orders

–20.4

34.1

–54.5

36.2

1(–)

25.3

28.9

45.7

Growth Rate of Orders

–20.7

30.0

–50.7

26.7

1(–)

24.3

30.7

45.0

Unfilled Orders

–21.9

5.4

–27.3

3.9

1(–)

10.4

57.3

32.3

Shipments

–23.6

27.3

–50.9

37.1

1(–)

22.5

31.4

46.1

Delivery Time

–8.0

8.7

–16.7

–1.8

1(–)

12.6

66.8

20.6

Finished Goods Inventories

–10.1

16.8

–26.9

–0.4

1(–)

19.2

51.5

29.3

Prices Paid for Raw Materials

–7.9

21.4

–29.3

33.5

1(–)

13.7

64.7

21.6

Prices Received for Finished Goods

–13.9

11.6

–25.5

19.3

1(–)

8.9

68.3

22.8

Wages and Benefits

0.7

39.7

–39.0

38.1

190(+)

20.8

59.1

20.1

Employment

–16.7

20.4

–37.1

22.1

1(–)

17.5

48.3

34.2

Hours Worked

–12.3

12.2

–24.5

9.3

1(–)

17.8

52.1

30.1

Capital Expenditures

–19.8

21.2

–41.0

20.0

1(–)

20.3

39.5

40.1

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

Company Outlook

–37.7

24.1

–61.8

20.8

1(–)

16.6

29.1

54.3

General Business Activity

–39.5

18.0

–57.5

14.2

1(–)

17.6

25.3

57.1

*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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