Texas Business Activity Index Falls To Recession-era Reading Of -27.4 (Biden Freezes Natural Gas Exports)

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by confoundedinterest17

Texas is a state of mind and is currently under invasion. Encouraged by BIG AGRA Senator Lankford (RINO-Oklahoma).

Texas factory activity contracted in January after stabilizing in December, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, dropped 17 points to -15.4—its lowest reading since mid-2020.

Other measures of manufacturing activity also indicated contraction this month. The new orders index ticked down from -10.1 to -12.5 in January, while the growth rate of orders index remained negative but pushed up eight points to -14.4. The capacity utilization index dropped to a multiyear low of -14.9, and the shipments index slipped 11 points to -16.6.

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Perceptions of broader business conditions continued to worsen in January. The general business activity index fell from -10.4 to -27.4, and the company outlook index fell from -9.4 to -18.2. The outlook uncertainty index held fairly steady at 20.9.

Note that prices paid for raw materials soared by 20.2%.

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Meanwhile, The Fed is impressed by the growth in the economy (primarily government jobs) so will likely keep rates constant this week. I wish they would look at Texas slumping!

In apparent retaliation for trying to defend themselves against the mongrel hordes coming from Latin America, Africa, the Middle East and … China, Biden freezes natural gas exports (largely from Texas).

In Washington DC, Lankford, Schumer, McConnell and other anti-America, pro-World Economic Forum type gather to destroy the US.

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