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.
Most Popular Stories
- Hezbollah Chief's Assassination Claimed by Sunni Group
- Allstate Seeks to Invest in Minority Firms
- SpaceX's Satellite Launch Is 'Game-Changer'
- Latin Music Conference Turns 25
- U.S. Growth Stayed Steady During Shutdown, Fed Says
- Climate Change Early Warning System Urged
- Guardian Pressured to Stop NSA Stories: Editor
- Newtown Massacre Heard on 911 Recordings
- Calif. Likes Christie, Says Tea Party's a Drag
- New Home Sales Shoot up 25 Percent in October