Politicians and pundits quarrel about whether we are in a recession but numbers from the Federal Reserve Bank of Dallas definitely show that growth in Texas manufacturing activity is slowing down.
The Dallas Fed cites results from the latest Texas Manufacturing Outlook Survey showing a key measure of state manufacturing conditions in August was down 1.2, suggesting very little growth in output.
The Bank also says "other measures of manufacturing activity signaled slower growth or declines" in August. For example, the new orders index was negative for the third straight month suggesting a continued decrease in demand.
Related
LISTEN on the Audacy App
Tell your Smart Speaker to "PLAY 1080 KRLD"
Sign Up and Follow NewsRadio 1080 KRLD