What Manufacturing Executives Said About Their Business in This Economy

by Wolf Richter
Wolf Street

“Builders are wanting extensions on their accounts. Builders are asking for better margins. Buyers are down by 50% to 60%. Employees are scared and do not want to work. Everything we do is taking twice as long.”

The down-to-earth comments from executives of manufacturing companies in Texas show how the economy has diverged: Many segments are in a fall-of-the-cliff downturn while a few other segments have seen a sudden boost they suspect may not last. This divergence is one of the takeaways – beyond the fall-off-the-cliff movement of the indices – from the Dallas Fed’s Manufacturing Outlook Survey released this morning.

The surveys were collected between April 14 to 22 from executives of 115 unnamed Texas-based manufacturers of all sizes. They track how executives are viewing various aspects at their own businesses.

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