February 26, 2019
Texas business executives gave the Federal Reserve Bank of Dallas a “thumbs up” on issues concerning state-wide manufacturing. Results from the Dallas Fed’s Texas Manufacturing Outlook Survey pointed to continued manufacturing expansion in February 2019, even as the production index slipped to 10.1, representing a slight deceleration in output growth.
Perceptions of broader business conditions also improved, with the general business activity index increasing 12 points to 13.1, and the company outlook index increasing seven points to 14.2, a four-month high. On the other side, the index measuring uncertainty about companies’ outlooks fell 12 points to 4.1, its lowest reading in nine months.
Also positive were future business condition expectations, with indexes of future general business activity and future company outlook rising to 17.7 and 26.7, respectively.
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