Texas’ factory activity rose slightly in December, according to the Federal Reserve Bank of Dallas’ Texas Manufacturing Outlook Survey, indicating that the manufacturing sector is growing but slowly.
This reading is important because Texas produces more than 9 percent of total manufactured goods in the United States, behind California.
The Dallas Fed’s production index — a key measure of state manufacturing conditions — rose from an index reading of 1.7 in November to 2.7 in December.
Read more...Texas’ manufacturing industry posts growth in December - Dallas Business Journal
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