News Column

Texas Factory Output Down in February

February 26, 2013

Vic Kolenc, El Paso Times, Texas

factory

Texas factory activity slowed in February, according to the latest Federal Reserve Bank of Dallas' Texas Manufacturing Outlook Survey.

The production index, a key measure of state manufacturing conditions, grew, but at a slower pace than in January, the Fed Bank survey of manufacturers found.

The shipments index plunged almost 20 points, but stayed in positive territory, indicating shipments grew slightly this month.

Indexes for future manufacturing activity fell, but continued to predict production growth.

Texas produces more than 9 percent of manufactured goods in the United States, ranking second behind California.



Source: (c)2013 the El Paso Times (El Paso, Texas) Distributed by MCT Information Services


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