Dallas Fed: Texas manufacturing continues to expand, outlook improves
|"The expansion in Texas factory activity continued in June, albeit at a slower pace than in May, according to business executives responding to the Texas Manufacturing Outlook Survey," the Federal Reserve Bank of Dallas reported on Monday.
Key takeaways from the official publication
- The general business activity index rose 10 points to 36.5, and the company outlook index rose five points to 33.2, its highest reading since 2006.
- The employment index stayed near last month’s six-year high at 23.9.
- Thirty-one percent of firms noted net hiring, compared with 7 percent noting net layoffs.
- The raw materials prices index rose 10 points to 53.6, its highest reading since 2011.
- The finished goods prices index moved up to a 10-year high of 26.2.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.