Posted August 30, 2010
Texas manufacturing stalls
Texas factory activity weakened during the month of August, according to the Dallas Federal Reserve.
The production index, a key measure of state manufacturing conditions, came in at zero, posting a third consecutive month of little to no growth.
Most other indexes for current activity remained negative in August. The new orders index stayed at –9, implying incoming orders continue to fall. The capacity utilization and shipments indexes pushed deeper into negative territory, suggesting further contraction of business.
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