Texas Manufacturing Outlook Survey increases in January

The manufacturing industry in Texas is expected to grow.

Business in Texas is on the upswing, according to a new survey released by the Federal Reserve Bank of Dallas on Jan. 27. The Dallas Federal Reserve Texas Manufacturing Outlook Survey showed January had a reading of 3.8, which is an increase from December's index of 3.7. January marks the eighth straight month business activity has increased in the Lone Star State.

The survey is conducted each month by polling 100 Texas manufacturers who give their insight into the industry and expectations for future business. The industry pays close attention to this survey in order to gauge how business will fare over the next month. A negative index reading means there will be decrease in business.

Although the 3.8 index reading is a jump from December, some experts were expecting it to reach 5, according to Daily Finance. Along with the increase among the Manufacturing index, the Texas factory index also increased from 6 points to 7.1 for January, which caps off nine straight months of growth.

Businesses who need to meet factory demands can look to manufacturing recruiters to assist them in finding experienced workers.

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