Texas factory activity, as measured by the production index, declined in December but at a slower pace than in November, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Tuesday.
The general business conditions index reversed to negative 3.0 in December from positive 3.2 in November.
The production index narrowed to negative 1.3 from negative 5.1.
As for future outlook, the general business conditions index rose to 10.3 from 9.7 last month, and the production index increased to 37.1 from 35.1.
