Texas factory activity, as measured by the production index, continued to expand at roughly the same pace in March as in February, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas and released Monday.

The general business conditions index decreased to 10.8 in March from 17.8 in February. The production index dipped to 11.1 from 11.2, while capacity use increased to 12.3 from 10.0, the Fed reported. Volume of new orders slipped to negative 0.3 from positive 5.8.

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