Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Texas Business Grows for 11th Straight Month

Texas business activity grew for the 11th straight month, according to a March Dallas Federal Reserve Texas Manufacturing Outlook Survey released today. 

After clocking in at 0.3 for February, this month's report puts business activity at 4.9. Analysts had expected an upswing but were pleasantly surprised to see their 3.0 estimate exceeded. 

The monthly survey asks about 100 Texas manufacturers to rate their views on current and future business activity. Market watchers keep a close eye on this index, as Texas' manufacturing can serve as an important indicator of national economic health. A positive number indicates month-over-month growth, while a negative number means contraction. 

While business activity edged up, the state's production index added on 6.3 points to clock in at a solid 17.1.


Diving deeper into components, the all-important new orders index increased 5.2 points to 14.7, while shipments jumped 6.2 points to 19.5. The labor market kept growing, but offered mixed messages. While overall employment increased 5.1 points to 15.0, hours worked dropped off 6.7 points to 5.3. 


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2896686, ~/Articles/ArticleHandler.aspx, 3/29/2015 10:22:13 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...