News & Insights
Texas Factory Activity Cools as Production Slows and Uncertainty Remains High
In May, Texas factory activity expanded at a slower pace after strengthening the prior month. The production index decreased from 19.0 to 9.4, falling slightly below the series average of 9.6. The new orders index stepped down 3.5 points to 6.4, while the capacity utilization index fell 14.6 points to 5.2, below the series average …
