In the Federal Reserve Bank of Dallas' latest report on Texas manufacturing, several producers issued dire warnings about the state of the economy and the consumer.
The Federal Reserve Bank of Dallas released its monthly Texas Manufacturing Outlook this week, which gauges the sector based on surveys of producers — and many of those manufacturers issued warnings in their feedback. The report said the data shows weakness in the state's manufacturing, but it also included comments from respondents that were edited for publishing – and several sounded the alarm about the condition of the economy.
" A number of producers expressed concern about the upcoming presidential election between former President Donald Trump and Vice President Kamala Harris. "November cannot come soon enough!" one machinery manufacturer wrote. "We've stagnated as has our competition along with our customer base. It's like we all know the world will continue regardless of who wins, but we're all sitting on our hands until a winner is announced.
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