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Texas Manufacturing Outlook Survey

July 26, 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)
IndicatorJul IndexJun IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

31.0

29.4

+1.6

10.6

14(+)

43.9

43.1

12.9

Capacity Utilization

29.9

30.6

–0.7

8.4

14(+)

39.2

51.5

9.3

New Orders

26.8

26.7

+0.1

6.5

14(+)

39.9

47.0

13.1

Growth Rate of Orders

25.8

23.4

+2.4

0.4

13(+)

37.1

51.6

11.3

Unfilled Orders

20.2

21.3

–1.1

–2.1

13(+)

31.2

57.8

11.0

Shipments

31.6

31.8

–0.2

9.3

14(+)

41.4

48.7

9.8

Delivery Time

19.7

26.9

–7.2

0.4

13(+)

31.1

57.5

11.4

Finished Goods Inventories

–8.7

–4.9

–3.8

–3.5

2(–)

17.5

56.3

26.2

Prices Paid for Raw Materials

73.5

80.8

–7.3

25.7

15(+)

75.8

21.9

2.3

Prices Received for Finished Goods

40.9

42.8

–1.9

6.9

12(+)

43.8

53.3

2.9

Wages and Benefits

46.0

48.1

–2.1

18.9

15(+)

46.4

53.2

0.4

Employment

23.7

22.9

+0.8

6.8

13(+)

31.3

61.1

7.6

Hours Worked

24.2

23.8

+0.4

3.0

13(+)

32.2

59.8

8.0

Capital Expenditures

15.4

16.9

–1.5

6.5

12(+)

22.0

71.4

6.6

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

Company Outlook

22.2

27.5

–5.3

7.0

14(+)

34.6

53.0

12.4

General Business Activity

27.3

31.1

–3.8

2.9

12(+)

36.4

54.5

9.1

IndicatorJul IndexJun IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty†

14.6

17.6

–3.0

12.7

3(+)

23.3

68.0

8.7

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

Production

48.4

56.6

–8.2

38.5

15(+)

55.1

38.2

6.7

Capacity Utilization

39.4

56.9

–17.5

35.4

15(+)

48.2

43.0

8.8

New Orders

43.3

51.1

–7.8

36.2

15(+)

51.8

39.7

8.5

Growth Rate of Orders

31.5

40.6

–9.1

26.9

15(+)

42.2

47.0

10.7

Unfilled Orders

4.2

12.7

–8.5

4.0

14(+)

19.4

65.4

15.2

Shipments

47.4

59.8

–12.4

37.0

15(+)

54.1

39.2

6.7

Delivery Time

5.1

0.9

+4.2

–1.4

6(+)

19.8

65.6

14.7

Finished Goods Inventories

12.7

24.5

–11.8

0.2

9(+)

25.3

62.1

12.6

Prices Paid for Raw Materials

43.8

53.6

–9.8

33.9

16(+)

54.2

35.4

10.4

Prices Received for Finished Goods

38.6

53.6

–15.0

19.9

15(+)

49.0

40.6

10.4

Wages and Benefits

52.6

59.2

–6.6

38.0

15(+)

53.2

46.2

0.6

Employment

43.5

48.2

–4.7

22.5

14(+)

46.7

50.1

3.2

Hours Worked

14.1

20.4

–6.3

9.4

15(+)

21.9

70.3

7.8

Capital Expenditures

26.0

31.4

–5.4

19.8

14(+)

34.8

56.4

8.8

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

Company Outlook

35.5

38.4

–2.9

20.8

14(+)

42.4

50.7

6.9

General Business Activity

37.1

37.3

–0.2

14.7

14(+)

41.6

53.9

4.5

*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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