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Texas Manufacturing Outlook Survey

October 25, 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)
IndicatorOct IndexSep IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

18.3

24.2

–5.9

10.7

17(+)

30.4

57.5

12.1

Capacity Utilization

20.1

24.5

–4.4

8.6

17(+)

31.7

56.7

11.6

New Orders

14.9

9.5

+5.4

6.6

17(+)

34.2

46.5

19.3

Growth Rate of Orders

13.6

2.5

+11.1

0.5

16(+)

25.2

63.2

11.6

Unfilled Orders

20.9

14.9

+6.0

–1.8

16(+)

30.5

59.9

9.6

Shipments

13.8

18.7

–4.9

9.4

17(+)

28.3

57.2

14.5

Delivery Time

25.9

21.4

+4.5

0.7

16(+)

33.9

58.1

8.0

Finished Goods Inventories

–11.1

1.1

–12.2

–3.4

1(–)

11.1

66.7

22.2

Prices Paid for Raw Materials

76.3

80.4

–4.1

26.4

18(+)

76.7

22.9

0.4

Prices Received for Finished Goods

49.8

44.0

+5.8

7.4

15(+)

50.5

48.8

0.7

Wages and Benefits

44.1

42.7

+1.4

19.2

18(+)

45.2

53.7

1.1

Employment

28.3

26.3

+2.0

7.0

16(+)

32.2

63.9

3.9

Hours Worked

18.5

20.4

–1.9

3.3

16(+)

24.3

69.9

5.8

Capital Expenditures

15.6

11.0

+4.6

6.6

15(+)

23.5

68.6

7.9

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

Company Outlook

2.4

–2.8

+5.2

6.9

1(+)

20.8

60.8

18.4

General Business Activity

14.6

4.6

+10.0

3.0

15(+)

25.3

64.0

10.7

IndicatorOct IndexSep IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty†

29.0

23.3

+5.7

13.5

6(+)

35.0

59.0

6.0

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

Production

46.8

41.8

+5.0

38.6

18(+)

54.5

37.8

7.7

Capacity Utilization

48.6

31.9

+16.7

35.4

18(+)

53.0

42.6

4.4

New Orders

39.3

33.4

+5.9

36.2

18(+)

47.9

43.6

8.6

Growth Rate of Orders

29.3

25.9

+3.4

27.0

18(+)

39.7

49.9

10.4

Unfilled Orders

–0.1

–2.9

+2.8

3.9

3(–)

16.4

67.1

16.5

Shipments

48.5

32.9

+15.6

37.1

18(+)

54.8

38.9

6.3

Delivery Time

5.8

10.2

–4.4

–1.3

9(+)

24.7

56.4

18.9

Finished Goods Inventories

6.7

9.4

–2.7

0.3

12(+)

21.1

64.4

14.4

Prices Paid for Raw Materials

48.9

55.3

–6.4

34.2

19(+)

60.9

27.2

12.0

Prices Received for Finished Goods

40.6

44.6

–4.0

20.2

18(+)

51.6

37.4

11.0

Wages and Benefits

60.3

50.4

+9.9

38.3

18(+)

62.9

34.5

2.6

Employment

35.1

49.8

–14.7

22.8

17(+)

41.9

51.3

6.8

Hours Worked

7.1

18.7

–11.6

9.4

18(+)

13.5

80.1

6.4

Capital Expenditures

24.9

30.0

–5.1

19.9

17(+)

37.4

50.1

12.5

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

Company Outlook

14.1

12.7

+1.4

20.7

17(+)

29.2

55.7

15.1

General Business Activity

15.0

11.5

+3.5

14.7

17(+)

28.0

59.0

13.0

*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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