Dallas Fed: "Texas Manufacturing Expansion Continues to Moderate"

From the Dallas Fed: Texas Manufacturing Expansion Continues to Moderate Texas factory activity continued to expand in November, albeit at a markedly slower pace, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, remained positive but fell nine points to 8.4, indicating output growth continued to abate. Other indexes of manufacturing activity also suggested notably slower expansion in November. The survey's demand indicators-the new orders and growth rate of new orders indexes-declined......(read more)

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