Texas manufacturing grows for third straight monthTexas manufacturing grows for third straight monthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=56022013-11-27T14:27:00Z2013-11-27T00:00:00Z

TEXAS - Growth in factory activity increased for a third consecutive month in November 2013, according to the Texas Manufacturing Outlook Survey. The production index, a measure of state manufacturing conditions, rose from 13.3 to 16.9, reaching its highest reading in five months.

The November 2013 employment index was 5.0, down slightly from October, but still indicative of increased employee headcounts. Only 10 percent of firms reported layoffs, while 15 percent reported hiring new workers. The hours worked index held steady at a reading of 4.2, suggesting a slight increase in average workweek length.

The general business activity index posted its sixth consecutive positive reading but edged down to 1.9. The company outlook index also posted its sixth positive reading in a row and moved up to 8.0, its highest level since June 2013.

The new orders index came in at 5.4, similar to its October 2013 level, and marked a seventh consecutive month of increased demand. The capacity utilization index rose to 16.2, its highest level since March 2011, and the shipments index edged up to 14.8.

Federal Reserve Bank of Dallas
http://www.dallasfed.org/microsites/research/surveys/tmos/index.cfmRead more at {Source}

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