Texas manufacturing shows weak expansion
Manufacturing activity continued to indicate weakness with the current general business activity index improving to a weak expansion level of 2.3. The future general business activity index rose to 14.70.
Today, the Federal Reserve Bank of Dallas released their latest read on manufacturing in their region indicating that manufacturing activity continued to indicate weakness with the current general business activity index improving to a weak expansion level of 2.3 while the future general business activity index rising to 14.70.
These results are coming, more or less, inline with the other regional manufacturing survey all indicating that business activity has slowed sharply in 2011 and may possibly indicate recession is upon us.
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