24.11.202515:39:12UTC+00Texas Manufacturing Activity Deteriorates in November

In November 2025, the Dallas Federal Reserve reported a decline in the general business activity index for Texas manufacturing, dropping to -10.4 from the previous -5. This marks the fourth consecutive month of contraction in manufacturing activity and is the sharpest decline since June. Meanwhile, the production index experienced a rise to 20.5, reflecting significant growth in output. However, the outlook dimmed as the company outlook index fell to -6.3, although there was a slight reduction in uncertainty, which decreased to 15.7. Positive movements were observed in the new orders index, which increased to 4.8, and capacity utilization, which surged to 19.4. The shipments index also climbed to 15.1. Employment conditions remained relatively stable, with the employment index at 1.2; this comes as 17% of firms reported hiring while 16% faced layoffs. There was an increase in hours worked, reaching 9.9. Furthermore, there was a slight uptick in price and wage pressures, with raw material prices rising to 35.3, finished goods prices increasing to 10.8, and the wages and benefits index moving up to 15.4. Looking ahead, expectations for the next six months remained optimistic, with anticipated production rising to 33.7 and future general business activity pegged at 11.