(Federal Reserve Bank of Dallas) Texas manufacturing production index rose by three points to an above-average reading of 24.2 in September, signifying a robust output growth.
The shipment and capacity utilization index rose to 18.7 and 24.5 respectively, while the new order index dropped to 9.5 from the previous 15.6.
The orders growth rate was recorded at 2.5, a drop by eight points. The company outlook index dropped to -2.8, while the general business activity index is still positive at 4.6.
The outlook uncertainty index in September went up to 23.3 and the employment index rose to 26.3 in the Survey.
Input prices index increased to 80.4 while the cost of labor remained at a high of 42.7. The finished goods price index hit an all-time high of 44.
There was less optimism in September, with the future production index down to 41.8, while the future general business activity index dropped four points to slightly below average at 11.5.
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