March 29, 2017
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Executives responding to the Texas Manufacturing Outlook Survey for March 2017 had good things to say, pointing to continued expansion. The survey, a tool of the Federal Reserve Bank of Dallas, indicated that the production index increased, meaning output growth picked up the pace.
Other measures of current manufacturing activity were also positive:
- The new orders index fell to 9.5, while the growth rate of orders index moved up to 3.2, the third positive reading in a row.
- The general business activity index dropped by 8 points, but remained positive at 16.9.
- The manufacturing employment index posted a third consecutive positive reading, edging down from 9.6 to 8.4.
- Indexes of future general business activity and company outlook were at 36.3 and 39.1, respectively, solidly in positive territory.
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