Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
TX Factory Activity Expands for Sixth Consecutive Month
Texas factory activity expanded in November for the sixth consecutive month, though at a markedly slower pace, according to business executives responding to the Dallas Fed’s Texas Manufacturing Outlook Survey, released Monday. The production index, a key measure of state manufacturing conditions, fell from 25.5 to 7.2, indicating a deceleration in output growth.
Other measures of manufacturing activity also point to slower growth this month, as the indexes remained positive but came in below last month’s readings. Perceptions of broader business conditions continued to improve in November, though the indexes retreated from their October levels.
Expectations regarding future activity remained positive in November, although several key indexes moved down from their October readings. The future production index fell six points to 40.8, and the future general business activity index edged down three points to 25.8. Other measures of future manufacturing activity showed mixed movements but remained solidly in positive territory.
For comments, questions or concerns, please contact Paul Bubny
- ◦Economy
