Texas Manufacturing Activity Continues to Expand in March

Mar 26, 2007, 01:00 ET from Federal Reserve Bank of Dallas

    DALLAS, March 26 /PRNewswire/ -- Manufacturing in Texas continued to
 expand in March, according to the Federal Reserve Bank of Dallas' Texas
 Manufacturing Outlook Survey.
     The survey can be found at http://www.dallasfed.org .
     The production index increased to 27.2 in March, compared with 18.1 in
 February.
     Indicators for capacity utilization, volume of shipments, average
 employee work week and capital expenditures also strengthened.
     All indexes remained positive; however, indexes for volume of orders,
 growth of orders and general business sentiment recorded slightly lower
 levels in March than February.
     Sentiment on general business activity was 12.7 in March compared with
 26 in February.
     "For perspective, it's important to note that the general business
 activity index dipped into negative territory during fourth quarter 2006
 and rebounded to 4.7 in January," said Dallas Fed economist Fiona Sigalla.
     "Additionally, while there is some cooling in the volume of new orders
 and level of general business activity, there continue to be indicators of
 strength in production, capacity utilization and volume of shipments."
     The Dallas Fed conducts the survey monthly to obtain a timely
 assessment of the state's factory activity. More than 120 businesses
 responded to the March survey.
     Texas produces more than 8 percent of the total manufactured goods in
 the United States. Texas ranks second behind California in factory
 production and first as an exporter of manufactured products.
     For additional perspective on the Texas Manufacturing Outlook Survey,
 visit http://dallasfed.org/research/swe/2007/swe0701g.cfm .
 
 

SOURCE Federal Reserve Bank of Dallas
    DALLAS, March 26 /PRNewswire/ -- Manufacturing in Texas continued to
 expand in March, according to the Federal Reserve Bank of Dallas' Texas
 Manufacturing Outlook Survey.
     The survey can be found at http://www.dallasfed.org .
     The production index increased to 27.2 in March, compared with 18.1 in
 February.
     Indicators for capacity utilization, volume of shipments, average
 employee work week and capital expenditures also strengthened.
     All indexes remained positive; however, indexes for volume of orders,
 growth of orders and general business sentiment recorded slightly lower
 levels in March than February.
     Sentiment on general business activity was 12.7 in March compared with
 26 in February.
     "For perspective, it's important to note that the general business
 activity index dipped into negative territory during fourth quarter 2006
 and rebounded to 4.7 in January," said Dallas Fed economist Fiona Sigalla.
     "Additionally, while there is some cooling in the volume of new orders
 and level of general business activity, there continue to be indicators of
 strength in production, capacity utilization and volume of shipments."
     The Dallas Fed conducts the survey monthly to obtain a timely
 assessment of the state's factory activity. More than 120 businesses
 responded to the March survey.
     Texas produces more than 8 percent of the total manufactured goods in
 the United States. Texas ranks second behind California in factory
 production and first as an exporter of manufactured products.
     For additional perspective on the Texas Manufacturing Outlook Survey,
 visit http://dallasfed.org/research/swe/2007/swe0701g.cfm .
 
 SOURCE Federal Reserve Bank of Dallas