Surveys
Texas Manufacturing Outlook Survey
September 28, 2020
Results Table
| Business Indicators Relating to Facilities and Products in Texas Current (versus previous month) | ||||||||
| Indicator | Sep Index | Aug Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 22.3 | 13.1 | +9.2 | 9.8 | 4(+) | 39.3 | 43.7 | 17.0 |
Capacity Utilization | 17.5 | 10.9 | +6.6 | 7.5 | 4(+) | 33.8 | 49.9 | 16.3 |
New Orders | 14.7 | 9.8 | +4.9 | 5.6 | 4(+) | 32.2 | 50.3 | 17.5 |
Growth Rate of Orders | 13.2 | 11.8 | +1.4 | –0.5 | 3(+) | 28.8 | 55.6 | 15.6 |
Unfilled Orders | 6.0 | 7.8 | –1.8 | –3.0 | 3(+) | 20.2 | 65.6 | 14.2 |
Shipments | 21.5 | 23.3 | –1.8 | 8.6 | 4(+) | 38.3 | 45.0 | 16.8 |
Delivery Time | 10.1 | 7.1 | +3.0 | –0.5 | 3(+) | 19.8 | 70.5 | 9.7 |
Finished Goods Inventories | –1.9 | –17.3 | +15.4 | –3.3 | 18(–) | 13.3 | 71.4 | 15.2 |
Prices Paid for Raw Materials | 26.2 | 19.4 | +6.8 | 23.9 | 5(+) | 29.3 | 67.6 | 3.1 |
Prices Received for Finished Goods | 5.2 | 0.9 | +4.3 | 5.9 | 2(+) | 13.0 | 79.2 | 7.8 |
Wages and Benefits | 15.9 | 15.2 | +0.7 | 18.4 | 4(+) | 19.1 | 77.7 | 3.2 |
Employment | 14.5 | 10.6 | +3.9 | 6.1 | 3(+) | 24.0 | 66.5 | 9.5 |
Hours Worked | 6.9 | 10.5 | –3.6 | 2.3 | 3(+) | 18.3 | 70.3 | 11.4 |
Capital Expenditures | 2.8 | 0.0 | +2.8 | 6.1 | 1(+) | 17.0 | 68.9 | 14.2 |
| General Business Conditions Current (versus previous month) | ||||||||
| Indicator | Sep Index | Aug Index | Change | Series Average | Trend** | % Reporting Improved | % Reporting No Change | % Reporting Worsened |
Company Outlook | 14.9 | 16.6 | –1.7 | 6.3 | 4(+) | 28.9 | 57.1 | 14.0 |
General Business Activity | 13.6 | 8.0 | +5.6 | 1.9 | 2(+) | 32.0 | 49.5 | 18.4 |
| Indicator | Sep Index | Aug Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Outlook Uncertainty† | 6.7 | 8.2 | –1.5 | 13.2 | 28(+) | 23.8 | 59.0 | 17.1 |
| Business Indicators Relating to Facilities and Products in Texas Future (six months ahead) | ||||||||
| Indicator | Sep Index | Aug Index | Change | Series Average | Trend* | % Reporting Increase | % Reporting No Change | % Reporting Decrease |
Production | 47.8 | 43.0 | +4.8 | 38.1 | 5(+) | 57.3 | 33.2 | 9.5 |
Capacity Utilization | 40.8 | 41.0 | –0.2 | 35.0 | 5(+) | 49.0 | 42.8 | 8.2 |
New Orders | 49.3 | 42.5 | +6.8 | 35.9 | 5(+) | 58.9 | 31.5 | 9.6 |
Growth Rate of Orders | 37.6 | 39.2 | –1.6 | 26.5 | 5(+) | 47.8 | 42.0 | 10.2 |
Unfilled Orders | 15.3 | 7.8 | +7.5 | 3.8 | 4(+) | 25.8 | 63.7 | 10.5 |
Shipments | 41.4 | 36.0 | +5.4 | 36.7 | 5(+) | 52.4 | 36.6 | 11.0 |
Delivery Time | 7.0 | 7.1 | –0.1 | –1.7 | 4(+) | 18.9 | 69.2 | 11.9 |
Finished Goods Inventories | 11.0 | 1.0 | +10.0 | –0.5 | 4(+) | 22.0 | 67.0 | 11.0 |
Prices Paid for Raw Materials | 33.4 | 22.1 | +11.3 | 33.1 | 6(+) | 36.3 | 60.8 | 2.9 |
Prices Received for Finished Goods | 21.6 | 7.8 | +13.8 | 18.9 | 5(+) | 29.4 | 62.7 | 7.8 |
Wages and Benefits | 38.1 | 28.1 | +10.0 | 37.5 | 5(+) | 40.8 | 56.5 | 2.7 |
Employment | 23.3 | 27.6 | –4.3 | 21.7 | 4(+) | 34.7 | 53.9 | 11.4 |
Hours Worked | 10.6 | 14.9 | –4.3 | 9.2 | 5(+) | 23.9 | 62.8 | 13.3 |
Capital Expenditures | 23.9 | 13.0 | +10.9 | 19.5 | 4(+) | 37.8 | 48.3 | 13.9 |
| General Business Conditions Future (six months ahead) | ||||||||
| Indicator | Sep Index | Aug Index | Change | Series Average | Trend** | % Reporting Increase | % Reporting No Change | % Reporting Worsened |
Company Outlook | 32.5 | 27.8 | +4.7 | 20.3 | 4(+) | 42.4 | 47.7 | 9.9 |
General Business Activity | 28.0 | 20.4 | +7.6 | 13.8 | 4(+) | 41.5 | 44.9 | 13.5 |
*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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- Texas Service Sector Outlook Survey
- Texas Retail Outlook Survey
- Dallas Fed Energy Survey
- Agricultural Survey
- Banking Conditions Survey
