Dallas Business Journal – Activity in Texas factories during the month of November showed signs of growth, according to a new survey from the Federal Reserve Bank of Dallas.
The production index turned positive for the first time since July of 2008, the Fed said. Other areas that moved into positive territory this month include capacity utilization, shipments, new orders and an increased rate of orders, according to the report.
The Fed says the business activity index also improved in November, while price pressures were still “mixed.”
According to the report, producers are still seeing rising costs associated with raw materials and expect going forward that price increases on raw materials will continue for at least the next six months.