March 29, 2017 Comments Off on Looking on the Bright Side: Texas Manufacturing Doing Well Views: 683 Texas News, Top Texas

Looking on the Bright Side: Texas Manufacturing Doing Well

Have you registered for Connect Austin yet? Click here for more information!

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.

Read More at Dallas Federal Reserve

Subscribe to Connect Daily Texas

For comments, questions or concerns, please contact Amy Sorter

For advertising information, please contact Joni Margotta



Comments are closed.

Send this to a friend