Prior was -1.8Output index +5.2 vs +15.3 priorNew orders -2.6 vs +5.8 priorEmployment -3.4 vs +8.8 priorCompany outlook -1.0 vs +3.3<\/p>\n
This is a lower tier indicator but there is growing worry about the low prices for oil in Texas and falling oil drilling activity. Texas is also a green energy powerhouse and incentives for that are dwindling.<\/p>\n
Comments in the survey:<\/p>\n
Computer and electronic product manufacturing<\/p>\n
I may have to close the company. Orders have stopped coming in, and we do not know why.<\/p>\n
Fabricated metal product manufacturing<\/p>\n
Orders have been put on hold, and we are not receiving any new
\n[purchase orders] since Aug. 15 on open RFQ’s [requests for quotation].<\/p>\n
Food manufacturing<\/p>\n
Political and interest rate instability are killing us. We are
\nfortunate that our raw ingredients are stable by price and supply chain
\n availability. The non-profit food relief “business” is a train wreck.We are still concerned over employment and labor issues.<\/p>\n
Furniture and related product manufacturing<\/p>\n
We are seeing demand decline.<\/p>\n
Machinery manufacturing<\/p>\n
We see the oil industry slowing and are more hesitant to invest
\n in their business. We believe that the uncertainty of government
\ndecisions is affecting their business decisions, which in turn will
\naffect our business.We should have our best month of the year in September. Orders are strong, plus we are working on some good new projects.Relief! Rates are easing, finally. Tariffs are of little
\nconsequence. Labor is steady. We might even turn a profit by year-end!<\/p>\n
Nonmetallic mineral product manufacturing<\/p>\n
After careful evaluation of prevailing economic conditions,
\nincluding the current level of interest rates and unpredictability of
\ntariffs, our company continues to hold and not proceed upon our
\nexpansion plans. The cost of financing at existing rates has materially
\n impacted the feasibility of these projects, and we believe it is
\nprudent to delay implementation until interest rates are reduced to
\nmore sustainable and affordable levels.. We remain committed to our
\noperations in Texas and to continued long-term growth. However, further
\n expansion (building addition, inventory expansion, capital equipment
\nacquisition) will be contingent upon a more favorable borrowing
\nenvironment that supports capital investment and job creation.The interest rates for mortgages are keeping potential new
\nhomeowners out of the market. Homebuilders do not want to build up
\nexcess inventory, and therefore our business of producing materials for
\n homebuilders has dropped off significantly. In addition, roughly 30
\npercent of buyers are falling out of the homebuying process due to
\ninability to qualify for mortgages (credit card debt).<\/p>\n
Paper manufacturing<\/p>\n
We are still neutral on our current status, but incoming orders
\n are trending down when this time of year they should be up. A few
\ntariff surcharges are starting to show up, but not enough to try to pass
\n along. Competition in the packaging industry has prices declining
\nsomewhat.<\/p>\n
Printing and related support activities<\/p>\n
We need interest rates to fall more than a quarter percentage point.Incoming orders have definitely slowed way down, and all we can
\n attribute it to is the crazy tariff-induced environment we are living
\nin. Instead of Washington, D.C. policies increasing business and making
\n it better, they seem to be adding way too much uncertainty and making
\nthings worse. We have continued to be busy because of robust incoming
\norders earlier in the summer. If things don’t change quickly, we may
\nsoon be looking at reducing hours and possibly cutting back on the
\nnumber of employees, which will be a shame given how hard it is to get
\ngood workers up to speed with your manufacturing processes.<\/p>\n
Transportation equipment manufacturing<\/p>\n
The trucking industry has now reduced its production forecast
\nfor 2026 to essentially be flat with 2025. This remains at a depressed
\nlevel versus industry averages.<\/p>\n","protected":false},"excerpt":{"rendered":"Prior was -1.8Output index +5.2 vs +15.3 priorNew orders -2.6 vs +5.8 priorEmployment -3.4 vs +8.8 priorCompany outlook…\n","protected":false},"author":2,"featured_media":201407,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-201406","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/201406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=201406"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/201406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/201407"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=201406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=201406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=201406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}