Dallas Fed Manufacturing Activity Index Declines

Factory activity in the state of Texas expanded during November for the sixth consecutive month, according to data by the Federal Reserve Bank of Dallas.

The production index declined from 25.5 to 7.2, indicating a deceleration in output growth.

Other measures of manufacturing activity also point to slower growth this month, as the indexes remained positive but came in below last month’s readings.

The new orders index dropped 13 points to 7.2, and the growth rate of orders index fell five points to 9.7.

The capacity utilization index dropped from 23.0 to 6.9, and the shipments index fell from 21.9 to 13.7.