Texas’ Hot Manufacturing Growth Cools in December

Jan 07, 2014

Texas factory activity continued its 2013 expansion in December, the Dallas Fed reported today, as the production index registered 7.1. That figure was down from 16.9 in November’s Texas Manufacturing Outlook Survey but still firmly in growth territory.

Texas manufacturers were feeling optimistic about general business conditions. The current general business activity index rose from 1.9 in November to 3.1 in December. And looking ahead to the next six months, manufacturers’ outlook for business rose from 7.0 in November to 22.8 in December.

From Industry Week.