Economy
October 26, 2015
Manufacturers in Texas and Richmond Optimistic on Future Business Conditions
Written by Sandy Williams
The Texas manufacturing Outlook Survey released by the Federal Reserve Bank of Dallas showed manufacturing increasing in October after nine months of flat or declining output. The production index rose to 4.8 for the first growth in output for the region in 2015.
New orders continued a third month of negative reading, falling 3 points to -7.6. Capacity utilization, however, increased from 4.9 to 8.6. The index for shipments rose from 0.9 to 6.4. Inputs costs continued to decline in October along with finished product prices.
