(MENAFN) On Monday, Jan. 25, a survey issued by the Federal Reserve Bank of Dallas stated that plant performance in the U.S. state of Texas carried on growing in January, albeit at a noticeably more sluggish tempo.
The output indicator, a major gauge of state manufacturing circumstances, dropped from 26.8 to 4.6 in January, marking a severe deceleration in production expansion, demonstrated the Dallas Fed's most recent Texas Manufacturing Outlook Survey.
Another gauges of manufacturing performance also showed more muted expansion in January, said business executives responding to the survey. The indexes of new orders, the expansion rate of orders, capability utilization and shipment all declined this month.
Insights of wider business conditions carried on advancing this month. The general business activity indicator and the firm estimate index both stayed in upbeat territory but retreated from the past month. Ambiguity concerning firms' outlooks carried on increasing.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.