General business activity: -9.7 vs -17.5 priorCompany outlook: -9.6 vs -18.4 priorPrices paid: +28.2 vs +23.1 priorNew orders: -4.2 vs -12.8 priorShipments: +0.8 vs -16.3 priorEmployment: -0.7 vs +7.1 prior
These are decently-hot numbers. This isn’t a market mover but it speaks to the steady state of the economy rather than a looming recession. Note though that other regional manufacturing numbers have been softer whereas Texas is highly dependent on energy.
This article was written by Adam Button at www.forexlive.com.
