Please ensure Javascript is enabled for purposes of website accessibility

Texas Business Grows for 11th Straight Month

By Justin Loiseau – Mar 31, 2014 at 11:17AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The Texas economy continues to expand for March.

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. 


We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.