By Rye Druzin Updated 5:16 pm, Tuesday, May 30, 2017

Thursday, January 25, 2018

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Texas manufacturing activity picked up pace in May, surging to its highest level in three years as factories used more of their capacity and produced more goods, the Federal Reserve Bank of Dallas said Tuesday. The Texas production index, a key measure of manufacturing activity, increased 7.9 points to 23.3, according to the Dallas Fed’s Texas Manufacturing Outlook Survey. The index, which polled 113 Texas companies between May 16 and 24, reached its the highest level since April 2014. The index measures the amount of goods that companies produce. It was the 11th consecutive month of growth for Texas manufacturers, and more than a third of respondents said they were using more of their capacity, the Dallas Fed said. For the entire story, follow the link