Texas manufacturing activity bounced back in December, according to the Federal Reserve Bank of Dallas. On Tuesday, the Dallas Fed published results from its monthly Texas Manufacturing Outlook Survey that showed the production index gained nearly nine points, to 9.7, suggesting an increase in output growth. The report is based on data collected between Dec. 13–21…
From Automation to Outsourcing, Manufacturing Recession Fears Grow, Dallas Fed Survey Shows
The latest Federal Reserve Bank of Dallas survey confirmed that activity in the Texas manufacturing sector continued to deteriorate in December. General business activity in the state’s manufacturing industry plummeted to negative 18.8 in December, down from negative 14.4 in November. This represented the eighth consecutive contraction and the third-worst reading of 2022. The report…
Fears of a Manufacturing Recession Growing, Dallas Fed Survey Shows
The latest Federal Reserve Bank of Dallas survey confirmed that activity in the Texas manufacturing sector continued to deteriorate in December. General business activity in the state’s manufacturing industry plummeted to negative 18.8 in December, down from negative 14.4 in November. This represented the eighth consecutive contraction and the third-worst reading of 2022. The report…
Texas’ Economic Outlook Weakens, Dallas Fed Says
December 24, 2022
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The Texas economy has softened with lower labor demands and manufacturing output, according to the latest report from the Federal Reserve Bank of Dallas. On Thursday, the Dallas Fed said wage and price pressures have also eased, adding that it previously overestimated the state’s full-year job growth. “There is also evidence that Texas payroll job…
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