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Tribune News Service
Tribune News Service
Business
Mitchell Schnurman

Texas manufacturers raise recession fears amid falling demand, slower output

Texas manufacturers are tapping the brakes.

Nearly a quarter of manufacturing executives said they cut production in June, a sharp increase from May and earlier months, according to a new survey by the Federal Reserve Bank of Dallas.

Over 30% said new orders had declined and their company outlook had worsened, and uncertainty shot up.

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