Economy
August 26, 2014
Texas Companies Report Slower Manufacturing Growth in August
Written by Sandy Williams
The Federal Reserve Bank of Dallas reported that Texas manufacturing expanded at a slower pace in August. The production index in the Texas Manufacturing Outlook Survey registered at 6.8 in August, falling from 19.1 in July.
The new orders index fell 11 points to 2.2. The shipment index registered a 16.4 point drop to 6.4, the lowest reading in eight months. Capacity utilization dropped from an index reading of 18 to 3.6.
