Texas factory activity contracted in November after two months of expansion, according to business executives responding to the Texas Manufacturing Outlook Survey, with the contraction stronger than some analysts expected as production slowed amid signals of a challenging environment for manufacturing.
The index for general business activity in November worsened compared with the month before, ticking down to minus 19.9 from minus 19.2 in October, according to the latest TMOS results released yesterday by the Federal Reserve Bank of Dallas.