Posted June 2, 2010
Manufacturing expands in Texas
Texas factory activity continued to expand in May, according to the monthly Texas Manufacturing Outlook Survey by the Federal Reserve Bank of Dallas.
The production index, a key indicator of state manufacturing conditions, rose to its highest level in three years.
Other indicators of factory activity also expanded again in May, although several posted slower advances than in the prior month. The index for capacity utilization was strongly positive but edged downward, and the growth rate of orders index fell from 20 to 9. The new orders and shipments indexes were positive but largely unchanged after increasing in April.
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