Dallas (PPD) — The Texas Manufacturing Outlook Survey’s production index plummeted from 16.4 to -35.3, with most components falling to the lowest levels since the Great Recession. The monthly survey from the Federal Reserve Bank of Dallas does not have a consensus forecast.
The new orders index also plummeted to -41.3, the lowest reading since March 2009 during the Great Recession. The growth rate of orders index fell to -44.9.
The capacity utilization and shipments indexes tanked to -33.4 and -33.8, respectively, also the lowest readings since the Great Recession. Capital expenditures declined precipitously from 6.9 to -34.3.
Worth still, views of broader business conditions turned negative in March. The general business activity index plunged from 1.2 to -70.0, and the company outlook index fell from 3.6 to -65.6. Both March readings are the lowest since the survey began in June 2004. The index measuring uncertainty regarding companies’ outlooks surged from 11.0 to 62.6.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.