A key measure of Texas manufacturing activity surged to its highest point in more than two years as producers put a recent slowdown further behind them and adopted a much more optimistic view of the months to come, according to a report released Monday by the Federal Reserve Bank of Dallas.
The state’s production index jumped to a reading of 17.1 in June from 11.2 the prior month, according to the Dallas Fed’s monthly Texas Manufacturing Outlook Survey. That marked the highest measure for the headline index since it hit 24.2 in March 2011.
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