Dallas Fed: "Texas Manufacturing Expands Modestly, Outlook Worsens"

From the Dallas Fed: Texas Manufacturing Expands Modestly, Outlook Worsens Texas factory activity continued to expand rather modestly in December, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, inched down one point to 7.3. Other indexes of manufacturing activity also suggested modest growth in December, although demand growth picked up a bit. The capacity utilization index fell from 9.4 to 7.6, and the shipments index dipped to 6.1. Meanwhile, the new orders index moved up five......(read more)

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