By John Shipman
Some investors may be buoyed by Federal Reserve Chairman Ben Bernankeâ€˜s faith in better second-half growth, but maybe they’d do well by listening to business owners who responded to the Dallas Fed’s August Texas manufacturing outlook survey.
They aren’t sounding too peppy.
“We have seen a noticeable drop-off in new orders and requests for quotation this summer,” says a comment from a plastics and rubber products maker.
“We are getting more discouraged about our general economic outlook,” says a machinery manufacturer.
“All of the improvement expected in six months is based on adding additional customers. We are not expecting any improvement from our current customer base,” says another.