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<Econ> Dallas Fed Survey: Texas Manufacturing Continues to Expand but Outlook Deteriorates
According to the Dallas Federal Reserve Bank's monthly Texas Manufacturing Outlook Survey, Texas factory activity continued to rise in April. The production index, a key gauge of s...
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<Econ> Dallas Fed Survey: Texas Manufacturing Continues to Expand but Outlook Deteriorates
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According to the Dallas Federal Reserve Bank's monthly Texas Manufacturing Outlook Survey, Texas factory activity continued to rise in April. The production index, a key gauge of state manufacturing conditions, was little changed at 5.1, indicating modest growth.

However, other manufacturing activity indicators showed contraction. The new orders index plunged 20 points to negative 20. The capacity utilization index edged down to negative 3.8, while the shipments index fell into negative territory for the first time this year, dropping from 6.1 to negative 5.5.

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Perceptions of overall business conditions continued to deteriorate notably in April. The general business activity index fell 20 points to negative 35.8, the lowest level since May 2020. The company outlook index also retreated to a post-pandemic low of negative 28.3. The outlook uncertainty index rose 11 points to 47.1.

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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