Dallas Fed: "Pace of Texas Manufacturing Expansion Slows"

From the Dallas Fed: Pace of Texas Manufacturing Expansion Slows, but Outlook Improves Texas factory activity continued to expand in October, 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, fell nine points to 4.5, suggesting a moderation in output growth in October. Other measures of manufacturing activity also suggested slower expansion in October, and demand declined. The new orders index turned negative for the first time in three years, falling......(read more)

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