facebook
twitter
search
search

Manufacturing growth in Texas slows

July 29, 2013 at 12:43 PM

DALLAS, July 29 (UPI) -- The Dallas Federal Reserve Bank said Monday Texas manufacturing production showed continued expansion in July.

The production index for the state dropped from 17.1 to 11.4, suggesting slower growth than June, but the index needs to fall below zero to indicate a contraction.

The new orders index also showed slower growth as the measure fell from 17 to 10.8. Capacity utilization, which measures production related to factories going full steam, fell from 15.2 to 12.2.

The shipments index climbed to 17.7, reaching highest reading in six months.

The general activity index dropped from 6.5 but remained positive at 4.4 in the month.

The employment index measuring the number of employees rose, reaching the highest reading in nearly a year, the Fed said.

Like Us on Facebook for more stories from UPI.com  
Related UPI Stories
Latest Headlines
Top Stories
Shoot-from-the-hip, around corner sighting capability unveiled
Airbus Helicopters announces factory acceptance of training aircraft
BP upbeat after disappointing second quarter
ESPN cuts ties with Cowherd over remarks about Dominican players
Britain extends Lockheed Martin military inventory contract