Manufacturing in Texas continued its 13-month hot streak in July, according to monthly survey conducted by the Federal Reserve Bank of Dallas.
The Dallas Fed surveyed 113 Texas manufacturing executives in July to get their thoughts on the health of the industry. One of the key measures of industry health is the production index.
Anything above zero means an increase and below zero means a decrease. For reference, during the recession from September 2008 to October 2009 all production levels were negative with the bottom being February 2009 at -37.3.
The production index for July registered at 22.8. That represents an 11-point increase from June and the second-highest figure (behind May 2017's 23.3) Texas has been in positive production for 13 straight months.
View original article by the Austin Business Journal.