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Texas Manufacturing Outlook Survey

September 28, 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)
IndicatorSep IndexAug IndexChangeSeries
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)
IndicatorSep IndexAug IndexChangeSeries
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

IndicatorSep IndexAug IndexChangeSeries
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)
IndicatorSep IndexAug IndexChangeSeries
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)
IndicatorSep IndexAug IndexChangeSeries
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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