Fears of a Manufacturing Recession Growing, Dallas Fed Survey Shows

Fears of a Manufacturing Recession Growing, Dallas Fed Survey Shows
A worker at a newly renovated Ford assembly plant in Chicago, Ill., in 2019. Jim Young/AFP via Getty Images
Andrew Moran
Updated:
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The latest Federal Reserve Bank of Dallas survey confirmed that activity in the Texas manufacturing sector continued to deteriorate in December.

General business activity in the state’s manufacturing industry plummeted to negative 18.8 last month from negative 14.4 in November, according to the survey, which was released on Dec. 27, 2022. That represented the eighth consecutive contraction and the third-worst reading of 2022.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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