Texas factory activity, as measured by the production index, continued to strengthen 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 increased to 17.8 in February from 15.3 in January. The production index gained to 11.2 from 5.8, while capacity use increased to 10.0 from 8.5, the Fed reported. Volume of new orders slipped to 5.8 from 9.5, while growth rate of orders index remained positive 6.6.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.