September 26, 2017
Factory activity in Texas continued its increase in September 2017, according to business executives responding to the Federal Reserve Bank of Dallas’ Texas Manufacturing Outlook Survey. The Fed’s production index, which measures state manufacturing conditions, stood at 19.5 in September, a slight decrease from the 20.3 in August 2017. The metric signified continuing steady output.
New orders index increased, as did the capacity utilization index. The shipments index jumped by nine points to 27.4. Additionally, perceptions of broader business conditions improved, with the general business activity index increasing to 21.3, its highest in seven months. Meanwhile, labor market stats pointed to faster employment growth and longer work weeks for October 2017. The employment index was 16.3, its highest since April 2014.
With these metrics, it was probably unsurprising that expectations of future business conditions continued improving.
For comments, questions or concerns, please contact Amy Sorter