The Federal Reserve Bank of Dallas’s Texas Manufacturing Outlook survey for June fell for the fifth straight month.
Texas manufacturing output growth plunged 3 percent, to -4.2 percent in June, indicating a slight contraction in output, according to the Dallas Fed survey, published on June 26.
Survey officials asked 85 regional manufacturers a series of questions on prices, wages, and revenue restraints in its June Texas Business Outlook Surveys on June 13–21.
The companies were asked whether output, employment, orders, prices, and other indicators increased, decreased, or remained unchanged from May.
Texas Manufacturers Face Disappointing Results
General business activity came in at -23.2, instead of -21.8, as expected by analysts, disappointing expectations….