Texas factory activity, as measured by the production index, expanded in October but at a slightly slower pace than in September, according to the monthly business activity survey conducted by the Federal Reserve Bank of Dallas amd released Monday.
The general business conditions index reversed to positive 2.3 in October from negative 14.4 in September. The production index slid to 4.1 from 5.9. Volume of new orders rose to 8.3 from 3.6.
As for the future outlook, the general business conditions index soared to positive 14.7 from negative 1.5 last month.