Paper Economy - A US Real Estate Bubble Blog: The Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey: October 2011

Monday, October 31, 2011

The Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey: October 2011

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.

Labels: dallas, economy, survey of manufacturing activity

6 Comments:

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By bradys bearss, at 11:16 AM
Texas factory activity increased in October, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, remained positive but edged down from 5.9 to 4.1, suggesting growth slowed slightly.

Other measures of current manufacturing conditions also indicated growth in October, and the pace of new orders increased. The shipments index fell from 9.4 to 2.7, suggesting shipment volumes continued to increase but at a slower pace. The capacity utilization index moved back into positive territory after being negative for two months. The new orders index suggested a pickup in demand, moving from 3.6 to 8.3. Nearly 30 percent of manufacturers noted increased order volumes in October, compared with about 20 percent noting a decrease.
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By Edwardsstarias, at 5:29 PM
The capacity utilization index moved back into positive territory after being negative for two months.

By Powdered Biological Maintainer, at 9:12 AM
We have become a nation of financial services companies. All these companies do is recycle money. The result is no useful products and services are being produced or sold. The idea that the bedrock of the united states economy can be a country of bankers financial planners financial researchers dealing with numbers marketing consultents' lawyers is completly false. I could go on and on but I need not. The intangable economy of sorts will in time be replaced with a economy that produces or provides useful products and services that are really needed. Otherwise we will end up with a few bright CPA's with master degrees siting behind desks making a good living and everybody else cleaning the carpeting and emptying the wast paper baskets.For three dollars an hour.

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