The Texas Economy Picks Up in May

by CoyDavidson on May 30, 2013

texas flag office

Texas Manufacturing and Service Sector Outlook Surveys

The Texas Economy picked up steam in May after slowing in April in both the manufacturing and service sector according to reports from the Federal Reserve Bank of Dallas.

Texas Manufacturing Activity Expands
Texas factory activity increased sharply in May, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from -0.5 to 11.2, indicating a notable pickup in output … Dallas Fed

Texas Service Sector Growth Strengthens
Texas service sector activity expanded in May, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, rose from 6.1 to 11.8, indicating activity picked up pace this month … Dallas Fed

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