Clocking In


Manufacturers pessimistic about present, optimistic about future


June Manufacturing.gif

(Federal Reserve Bank of Dallas)
As you can see, outlook seems to be improving.

Texas factories are still declining, but they did so at a less severe rate in June than in past months, according to a monthly manufacturing survey.

So what does that mean for Texas manufacturers? It means they still have weak labor markets, wages are not changing and companies are putting off investing in their operations.

There were fewer reports of price declines in June, but companies receiving lower prices for their goods outnumbered those receiving higher prices by 4-to-1. However, that’s better than the 11-to-1 ratio in May.

Respondents to the survey are still pessimistic about the current conditions but optimistic about the future.

Creighton A. Welch

Creighton Welch

Creighton Welch