“Texas factory activity expanded in January,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas.

The general business conditions index climbed to 8.3 in January from 3.2 in December, the production index rose to 7.4 from 0.1, capacity use increased to 6.3 from 5.8, volume of new orders jumped to 26.8 from 4.3, and growth rate of orders index swelled to 11.4 from 4.3.

As for future outlook, the general business conditions index slid to 21.4 from 31.9 last month.

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