By Jessica Coacci
Texas' factory sector edged further into negative territory in April as perceptions of broader business conditions were mixed, according to the Federal Reserve Bank of Dallas.
The Texas Manufacturing Outlook Survey's index for general business activity, released Monday by the Dallas Fed, fell to minus 2.3 in April, from minus 0.2 in March. A reading below zero indicates a slowdown in activity.
The production index - a key gauge for manufacturing - jumped 12 points to 19.0, a reading suggestive of an above-average pace of output expansion.
The company outlook index rebounded into positive territory, while the outlook uncertainty index fell.
The new orders index increased, while employment continued to be flat, the survey said.
Price pressures increased while wage pressures were little changed this month. The finished goods prices index jumped to its highest level since July 2022.
Write to Jessica Coacci at jessica.coacci@wsj.com
(END) Dow Jones Newswires
04-27-26 1115ET
