Texas Factory Output Growth in January

Texas produces 8% of U.S. goods, so lets see how manufacturing in the state fared in January. BizJournals details:

Texas factory activity expanded in January, providing the Federal Reserve Bank of Dallas with a sliver of hope that the economy could be improving.

The Fed Bank of Dallas noticed that the production index in the manufacturing index rose further into positive territory during January, according to the Fed Bank’s latest Texas Manufacturing Outlook Survey.

The production index improved as more manufacturers continued to report increases in their activity levels. Others surveyed in the report said activity levels remained unchanged. The business activity and company outlook indexes also improved in January and reached their highest levels since mid-2007.

Source: Dallas Fed