Posted June 29, 2010
Texas factory activity declines
Texas factory activity declined slightly in June, according to business executives responding to the Texas Manufacturing Outlook Survey.
The production index, a key indicator of state manufacturing conditions, fell from 21 in May to –2 in June, abruptly ending a seven-month streak of positive readings.
All remaining indexes for factory activity also fell in June, and many turned negative. The new orders index fell from 16 to –8 as 78 percent of respondents reported that their June orders were either flat or down from May. The shipments index fell from 15 to –9, suggesting shipments contracted in June after three consecutive months of growth.
Click here to access the Industrial Supply magazine Resource Library on current Federal Reserve District Manufacturing Surveys.
