Dallas Fed: "Contraction Continues in Texas Manufacturing Sector"

From the Dallas Fed: Contraction Continues in Texas Manufacturing Sector, Though Severity Eases Texas factory activity declined again in May, though at a slower pace than in April, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, remained negative but improved from -55.6 to -28.0, suggesting the contraction in output has eased somewhat since last month. Other measures of manufacturing activity pointed to a less-severe decline in May. The new orders index advanced 38 points to -30.6,......(read more)

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