Texas Manufacturing Sector Finishes 2021 Strong
The Dallas Fed’s production index, a key measure of manufacturing conditions, held fairly steady at 26.7; any sum above zero signals expansion.
Edited by Margo Ellis
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The Texas manufacturing sector is finishing out the year strong, according to the Federal Reserve Bank of Dallas’ monthly survey published by Texas Public Radio. Factory activity in December continued expanding at an above-average pace, albeit a little slower than November.
“Despite continued supply-chain and labor challenges, expansion in the Texas manufacturing sector continued at an impressive clip this month,” said the Dallas Fed’s senior business economist Emily Kerr in a news release.
Among other positive indicators, the survey of nearly 100 company executives showed growth remained solid this month for new orders and shipments. Prices for raw materials in December fell from an all-time high set last month, but remained exceptionally elevated at 66.2. The full article is here.
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