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- Texas factory activity continued to expand in October, albeit at a slower pace
Texas factory activity continued to expand in October, albeit at a slower pace
Texas factory activity continued to expand in October, albeit at a slower pace, according to business executives responding to the 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.
Some other indexes of manufacturing activity also suggested slower expansion in October. The capacity utilization index retreated six points to 15.4, while the shipments index fell four points to 16.6. Meanwhile, the new orders index rose-pushing up four points to 18.9-and the growth rate of orders index held steady at 11.0.
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