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Texas Manufacturing Outlook Survey

December 27, 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)
IndicatorDec IndexNov IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Production

26.7

27.4

–0.7

10.9

19(+)

35.5

55.7

8.8

Capacity Utilization

27.8

26.4

+1.4

8.7

19(+)

33.9

60.0

6.1

New Orders

18.1

19.6

–1.5

6.7

19(+)

33.3

51.5

15.2

Growth Rate of Orders

13.4

16.8

–3.4

0.7

18(+)

23.0

67.4

9.6

Unfilled Orders

11.9

17.4

–5.5

–1.7

18(+)

23.3

65.3

11.4

Shipments

19.1

24.3

–5.2

9.5

19(+)

31.2

56.7

12.1

Delivery Time

25.8

21.7

+4.1

0.9

18(+)

33.3

59.2

7.5

Finished Goods Inventories

–3.3

3.2

–6.5

–3.4

1(–)

16.5

63.7

19.8

Prices Paid for Raw Materials

66.2

82.1

–15.9

26.9

20(+)

72.8

20.6

6.6

Prices Received for Finished Goods

42.3

42.2

+0.1

7.7

17(+)

46.7

48.9

4.4

Wages and Benefits

45.5

47.6

–2.1

19.5

20(+)

45.6

54.3

0.1

Employment

30.9

28.5

+2.4

7.3

18(+)

34.5

61.9

3.6

Hours Worked

19.7

19.6

+0.1

3.4

18(+)

27.5

64.7

7.8

Capital Expenditures

19.2

10.5

+8.7

6.7

17(+)

23.1

73.0

3.9

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

Company Outlook

8.6

1.3

+7.3

6.9

3(+)

23.4

61.8

14.8

General Business Activity

8.1

11.8

–3.7

3.1

17(+)

23.2

61.7

15.1

IndicatorDec IndexNov IndexChangeSeries
Average
Trend*% Reporting Increase% Reporting No Change% Reporting Decrease

Outlook Uncertainty†

19.2

27.7

–8.5

13.9

8(+)

26.6

66.0

7.4

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

Production

40.6

51.7

–11.1

38.7

20(+)

51.2

38.2

10.6

Capacity Utilization

39.3

42.7

–3.4

35.5

20(+)

48.2

42.8

8.9

New Orders

38.6

41.4

–2.8

36.3

20(+)

51.8

35.0

13.2

Growth Rate of Orders

32.0

29.2

+2.8

27.0

20(+)

43.5

45.1

11.5

Unfilled Orders

0.0

–1.5

+1.5

3.9

1()

17.4

65.2

17.4

Shipments

29.8

42.3

–12.5

37.1

20(+)

44.0

41.8

14.2

Delivery Time

8.8

1.8

+7.0

–1.2

11(+)

21.5

65.8

12.7

Finished Goods Inventories

11.6

8.2

+3.4

0.4

14(+)

25.6

60.5

14.0

Prices Paid for Raw Materials

45.5

56.4

–10.9

34.4

21(+)

58.0

29.5

12.5

Prices Received for Finished Goods

44.9

49.5

–4.6

20.5

20(+)

55.2

34.5

10.3

Wages and Benefits

61.9

62.8

–0.9

38.5

20(+)

63.1

35.7

1.2

Employment

44.3

36.6

+7.7

22.9

19(+)

50.4

43.5

6.1

Hours Worked

6.9

13.9

–7.0

9.5

20(+)

19.7

67.5

12.8

Capital Expenditures

20.6

31.8

–11.2

19.9

19(+)

31.9

56.8

11.3

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

Company Outlook

10.3

17.3

–7.0

20.7

19(+)

27.2

55.9

16.9

General Business Activity

14.0

28.6

–14.6

14.8

19(+)

27.7

58.6

13.7

*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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