US DATA: Sep Dallas Fed Mfg Outlook text: “Texas factory activity
increased in September, according to business executives responding to
the Texas Manufacturing Outlook Survey. The production index, a key
measure of state manufacturing conditions, rose from 6.4 to 10,
suggesting stronger output growth. Other measures of current
manufacturing activity also indicated growth in September. The new
orders index rose to 5.3 following a reading of zero last month,
suggesting a pickup in demand. The capacity utilization index advanced
from 1.7 to 9.3, largely due to fewer manufacturers noting a decrease.
The shipments index rose to 4.5, bouncing back into positive territory
after falling to -2.3 in August. Indexes reflecting broader business
conditions were mixed. The general business activity index remained
slightly negative but edged up from -1.6 to -0.9. The company outlook
index was positive for the fifth month in a row but fell slightly to 2.4
from a reading of 4.1 in August. Labor market indicators reflected
slower labor demand growth and slightly longer workweeks.”
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