Texas factory activity declined in March, according to the Federal Reserve Bank of Dallas’ Texas Manufacturing Outlook Survey.
Texas produces more than 11 percent of total manufactured goods in the United States, ranking second behind California in factory production.
The production index—a key measure of state manufacturing conditions—fell to –5.2, posting its first negative reading in nearly two years.
Read more...Texas Manufacturing Activity Weakens in March, Says Dallas Fed Survey - Dallas Fed
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