DALLAS – Texas factory activity expanded for the sixth straight month in November, though at a markedly slower pace, according to the Dallas Fed’s Texas Manufacturing Outlook Survey.
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 and broader business conditions point to slower growth in November, as the indexes remained positive but came in below October’s readings.
Expectations regarding future activity remained positive in last month, 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.
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