The month of December brought more good tidings to the Texas manufacturing sector, with factory activity remaining flat during the month after output grew in November for the first time since the summer of 2008, the Federal Reserve of Dallas reported in its latest Texas Manufacturing Outlook Survey.
In its December report, the Federal Reserve Bank of Dallas found that the state’s production index—an indicator of state manufacturing activity—was close to zero in December, which indicates manufacturing is maintaining a steady pace after experiencing a tough time in late 2008 and throughout most of 2009.
Source: Houston Business Journal
