Monday, February 27, 2017

Dallas Fed: "Growth in Texas Manufacturing Activity Continues" in February

by Bill McBride on 2/27/2017 11:11:00 AM

From the Dallas Fed: Growth in Texas Manufacturing Activity Continues

Texas factory activity increased for the eighth consecutive month in February, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose five points to 16.7, suggesting output growth picked up pace this month. ...
...
The general business activity index returned to positive territory in October 2016 and has pushed further positive every month since, reaching 24.5 this month.
...
Labor market measures indicated employment gains and longer workweeks. The employment index posted a second positive reading in a row—something that hasn’t happened since the end of 2015—and edged up from 6.1 to 9.6. ...
emphasis added
The Richmond Fed manufacturing survey for February will be released tomorrow. Based on the surveys released so far, it appears manufacturing was very strong in February.