Texas factory activity, as measured by the production index, rose faster in July than in June, according to the monthly business activity survey by the Federal Reserve Bank of Dallas.

The general business conditions index improved to negative 2.0 in July from negative 17.5 in June. The production index rose to 10.8 from 5.6, while capacity use reversed to positive 0.6 from negative 0.8. Volume of new orders gained to 16.0 from 6.4, and growth rate of orders index increased to 2.5 from 2.3.

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