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Texas Manufacturing Outlook Survey

June 1, 2021

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)
IndicatorMay IndexApr IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

15.7

34.0

–18.3

10.4

12(+)

40.0

35.7

24.3

Capacity Utilization

23.2

34.6

–11.4

8.1

12(+)

43.4

36.4

20.2

New Orders

20.8

38.5

–17.7

6.3

12(+)

44.5

31.9

23.7

Growth Rate of Orders

19.5

32.3

–12.8

0.2

11(+)

40.6

38.4

21.1

Unfilled Orders

19.8

23.1

–3.3

–2.4

11(+)

31.7

56.4

11.9

Shipments

18.3

32.6

–14.3

9.1

12(+)

41.4

35.5

23.1

Delivery Time

30.1

24.0

+6.1

0.2

11(+)

37.9

54.3

7.8

Finished Goods Inventories

0.0

–5.7

+5.7

–3.4

1()

24.8

50.5

24.8

Prices Paid for Raw Materials

79.9

71.4

+8.5

25.2

13(+)

81.8

16.3

1.9

Prices Received for Finished Goods

38.4

39.1

–0.7

6.5

10(+)

43.0

52.4

4.6

Wages and Benefits

39.0

37.1

+1.9

18.6

13(+)

40.0

59.0

1.0

Employment

22.7

31.3

–8.6

6.6

11(+)

29.0

64.7

6.3

Hours Worked

22.7

23.7

–1.0

2.8

11(+)

32.9

56.9

10.2

Capital Expenditures

23.2

19.8

+3.4

6.4

10(+)

29.7

63.8

6.5

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

Company Outlook

22.0

29.1

–7.1

6.8

12(+)

37.6

46.8

15.6

General Business Activity

34.9

37.3

–2.4

2.6

10(+)

47.8

39.3

12.9

IndicatorMay IndexApr IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty†

14.7

0.0

+14.7

12.6

1(+)

28.4

57.8

13.7

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

Production

47.6

47.2

+0.4

38.4

13(+)

56.0

35.6

8.4

Capacity Utilization

43.1

45.0

–1.9

35.2

13(+)

51.1

40.9

8.0

New Orders

43.8

42.6

+1.2

36.1

13(+)

53.3

37.2

9.5

Growth Rate of Orders

34.4

43.2

–8.8

26.9

13(+)

43.8

46.7

9.4

Unfilled Orders

6.8

10.2

–3.4

4.0

12(+)

21.5

63.8

14.7

Shipments

40.3

44.4

–4.1

36.9

13(+)

49.7

40.9

9.4

Delivery Time

7.3

4.0

+3.3

–1.4

4(+)

20.8

65.7

13.5

Finished Goods Inventories

17.7

24.0

–6.3

0.0

7(+)

28.1

61.5

10.4

Prices Paid for Raw Materials

62.1

54.1

+8.0

33.8

14(+)

68.4

25.3

6.3

Prices Received for Finished Goods

48.4

40.2

+8.2

19.6

13(+)

52.6

43.2

4.2

Wages and Benefits

56.4

49.9

+6.5

37.9

13(+)

56.6

43.2

0.2

Employment

47.6

48.2

–0.6

22.2

12(+)

51.4

44.8

3.8

Hours Worked

5.7

15.9

–10.2

9.3

13(+)

15.9

73.9

10.2

Capital Expenditures

29.9

28.4

+1.5

19.7

12(+)

33.5

62.9

3.6

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

Company Outlook

29.1

36.6

–7.5

20.7

12(+)

39.7

49.7

10.6

General Business Activity

31.4

36.6

–5.2

14.5

12(+)

44.0

43.3

12.6

*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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