10/28/2024 | Press release | Distributed by Public on 10/28/2024 10:39
News Releases
October 28, 2024
DALLAS-Texas factory activity rose notably in October, according to business executives responding to the Texas Manufacturing Outlook Survey.
"The Texas manufacturing sector saw a strong rise in production in October, but other survey measures of factory activity and employment were more mixed," said Emily Kerr, senior business economist at the Dallas Fed. "Expectations for future production and business conditions moved markedly higher."
Key takeaways from this month's Texas Manufacturing Outlook Survey:
Texas businesses not having much difficulty obtaining credit
The share of Texas businesses reporting difficulty accessing credit has fallen from one year ago, according to executives responding to a survey from the Federal Reserve Bank of Dallas.
From Oct. 15-23, the Dallas Fed asked a series of special questions on credit conditions in the Texas Business Outlook Surveys and heard back from 338 business executives.
Key takeaways:
For more information visit DallasFed.org.
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Media contact:
Jon Prior
Federal Reserve Bank of Dallas
Phone: 214-922-6857
Email: [email protected]