Dallas Fed September manufacturing business index -17.2 vs -12.9 prior

• Prior was -12.9
• Employment 15.0 vs 15.6 last month
• Hours worked 8.0 from 14.4 last month
• New orders -6.4 from -4.4 last month
• Production 9.3 vs 1.2 last month
• Raw material price paid 37.1 vs 34.4 last month
• Prices received 18.1 vs 26.8 last month month
• Shipments 7.1 vs 3.4 last month
• Growth rate of new orders -1.7 vs -14.7 last month
• Finished goods inventories 3.3 vs 1.2 last month
• Wages and benefits 36.6 vs 45.8 last month
• Capital expenditures 13.6 vs 14.2 last month

The inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term metrics are sliding. Unfortunately, so are the growth measures.

Comments in the report:

• Our order rate has decreased over the past month. We are only working four days on some of our equipment.
• Although we continue to see surges in new orders, there are still several uncertainties and key issues that give us pause on overall business conditions.
• We see the general economic situation worsening, but our customers are still buying because the oil industry is still making money and they see a bright future even though they will not talk about it. Therefore, we have hired a few new people to support the business that is coming over the next couple of months.
• The personal electronics market shows signs of weakness and is expected to weaken further. Other markets, especially automobiles, remain strong. Inventory builds are reported throughout all channels.
• There is no optimism in the most positive outlook. Interest rate hikes will hit our industry har (transport equip)
• We are beginning to see a slowdown in requests for bids on projects.
• We have seen a dramatic shift in consumer behavior and it is impacting our volume. Beginning in May, demand for our premium products started to wane as consumers shifted to less-expensive brands. This has accelerated as fuel and other costs have risen.
• Sales have started to slow this summer, as has our general outlook on business over the short and long term.
• Workforce shortages remain. Hiring is expensive or nonexistent. Customers are becoming more restless and looking for better service and price. Inflation is on everyone’s mind. It is not a healthy environment.