Dallas Fed: Manufacturing Indexes Stronger in September

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The Texas manufacturing sector saw a strong increase in activity again in September according to the results of the Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey. The top line production index increased 13.4 points m/m to 29.5. This was the third consecutive monthly increase in this index and its highest reading since July 2021. Similarly, other indexes such as new orders, capacity utilization, and shipments all hit multi-year highs. Even the employment index moved 7.1 points higher m/m to 15.1. Despite these strong results, optimism among Texas manufacturers appears to have weakened somewhat, with the six-month forward expectations indexes all coming in flat to slightly lower m/m in September.  

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