11152018Thu
Last updateWed, 14 Nov 2018 4pm

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Manufacturing & The Economy

Texas Manufacturing Expands at Slower Pace in October

Texas factory activity continued to expand in October, albeit at a slower pace, according to the Federal Reserve Bank of Dallas’ Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, was positive but declined another six points to 17.6, indicating output growth continued to abate.

“This was a positive report for Texas manufacturing, although it did show another month of easing in the pace of growth. However, outlooks improved further, and several contacts noted that uncertainty declined,” said Emily Kerr, Dallas Fed senior business economist. 

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