Dallas Fed: "Texas Manufacturing Expansion Continues but Pace Slows"

From the Dallas Fed: Texas Manufacturing Expansion Continues but Pace Slows Texas factory activity continued to expand in May, albeit at a slower pace, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell six points to 6.3, indicating output growth decelerated from April. Most other measures of manufacturing activity also suggested slower expansion in May. The survey's demand indicators fell but remained positive: The new orders index slipped seven points to 2.4, and the growth rate......(read more)

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