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Texas Factories Slow, But Still Optimistic
Description
Texas manufacturing is cooling slightly this month, with factory output and new orders slowing to a more average pace—but don’t panic, the outlook remains bright. Factory bosses are upbeat about the next six months, despite rising raw material costs and a dip in the production index. Finished goods prices are easing, and manufacturing jobs are stable. It’s not a crash, just a gear shift—with growth still on track for the rest of the year.
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