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Dallas Fed survey: Texas manufacturing improvingDallas Fed survey: Texas manufacturing improvinghttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=113202015-12-01T06:00:00Z2015-12-01T19:00:00Z​DALLAS – Texas factory production continues to recover from a long decline earlier this year, according to a survey released yesterday by the Federal Reserve Bank of Dallas.

The Fed’s production index, which measures the growth of manufacturing activity, was positive for the third month in a row, rising to 5.2 in November from 4.8 in October. The index was below zero from March to August, the longest negative stretch since 2009.

The survey, based on responses from 124 Texas manufacturers, shows a sharp increase in the number of manufacturers who are hiring. The employment index, which measures how many manufacturers hired employees during the month, rose to 11.6 from 0.3 last month.

Manufacturers also are becoming more optimistic about their companies’ futures, the survey indicates. The company outlook index, which measures whether manufacturers think their companies have better days ahead, rose to 0.8 from minus 4.1 last month — its first entry into positive territory since July.

The general business activity index, which measures manufacturers’ perception of business conditions in the state, remained negative at minus 4.9, but it rose from minus 12.7 last month.​
San Antonio Express-News
Texas
Economy
http://www.mysanantonio.com/business/local/article/Texas-manufacturing-continues-to-improve-survey-6665567.phpRead more at {Source}

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