Dallas Fed: "Texas Manufacturing Activity Falls Sharply" in January

From the Dallas Fed: Texas Manufacturing Activity Falls Sharply Texas factory activity fell sharply in January, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index-a key measure of state manufacturing conditions-dropped 23 points, from 12.7 to -10.2, suggesting output declined this month after growing throughout fourth quarter 2015. Other indexes of current manufacturing activity also indicated contraction in January. The survey's demand measures-the new orders index and the growth rate of orders index-led the falloff in production with......(read more)

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