Texas factory activity, as measured by the production index, continued to expand, but at a slower pace in April, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas, released Monday.
The general business activity index decreased to negative 3.4 in April from positive 10.8 in March. The production index dipped to 5.6 from 11.1. Capacity use decreased to 1.4 from 12.3.
As for the future outlook, the general business conditions index slid to 15.7 from 19.1 last month, the production index decreased to 38.5 from 44.0 and capacity use slipped to 34.9 from 41.8, the Fed reported.