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(Seoul=Yonhap Infomax) Sung Jin Kim = Manufacturing activity in the Texas region, overseen by the Federal Reserve Bank of Dallas, continued to contract for the fourth consecutive month.
According to the Dallas Fed on the 24th (local time), the general business activity index for Texas manufacturing in November fell by 5.4 points from the previous month to -10.4, marking the lowest level since June.
The index remained below the zero threshold—which separates expansion from contraction—for the fourth straight month.
Among sub-indices, the production index, a coincident indicator, rose sharply to 20.5 from 5.2 in the previous month. The new orders index, a leading indicator, increased to 4.8 from -1.7. The employment index edged down to 1.2 from 2.0.
Among price pressure indicators, the raw materials purchase price index climbed 1.9 points to 35.3, while the finished goods received price index rose 3.1 points to 10.8.
The future general business activity index, which reflects the six-month outlook, increased by 4.0 points to 11.0 from the previous month.
The November survey was conducted from the 10th to the 18th of this month, with 70 out of 115 surveyed companies responding.
sjkim@yna.co.kr
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