Dallas Fed: Manufacturing Expansion Slowed in Feb.

“Texas factory activity continued to expand in February,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas and released Monday.

The general business conditions index slumped to 0.1 in February from 8.3 in January.

The production index fell to 2.3 from 7.4, while capacity use decreased to zero from 6.3, the Fed reported. Volume of new orders slumped to negative 6.0 from positive 26.8 and growth rate of orders index decreased to negative 3.3 from positive 11.4.

The future outlook — six months from now — showed that the general business conditions index slid to 21.1 from 21.4 last month, the production index decreased to 40.0 from 51.8, and capacity use declined to 40.3 from 45.3, the Fed reported. Volume of new orders dipped to 48.9 from 51.7, while growth rate of orders index climbed to 38.7 from 35.1.

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