Oil crash starting to hurt in Texas


BLOOMBERG: General business activity index declines far worse than expectations in March.

Share this article!

BLOOMBERG: General business activity index declines far worse than expectations in March.

— “Customers seem to be very hesitant on releasing capital equipment orders. We have had multiple projects cancelled because of the slowdown. The drop in oil prices has definitely played a part in this downturn.” 

— “Much of our business is tied to oil. We are now entering what will probably (hopefully?) be the low point of the market. Our expected improvement for business six months from now reflects not a return to 2014, but a slow recovery from March–May 2015.”

Read the story here.