Dallas Fed: "Texas Manufacturing Expansion Continues but at a Slower Pace"

From the Dallas Fed: Texas Manufacturing Expansion Continues but at a Slower Pace Texas factory activity continued to expand in March, albeit at a markedly slower pace than last month, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell 15 points to 12.7, signaling a deceleration in output growth. Other indexes of manufacturing activity also remained positive but posted double-digit declines in March. The new orders and growth rate of orders indexes fell to 8.3 and 3.8, respectively. ......(read more)

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