FXStreet — The industry, in the U.S. state of Texas rose in may more than expected, the US Federal Reserve Bank of Dallas on Tuesday. The production index, which is considered as a yardstick for the conditions of production, rose by 8 points to 23.3 meters. This is the highest level since April 2014.
In addition, the other components of the barometer has risen on stands, which have not been reached since the middle of 2014. The new orders climbed to 18.1 points and growth rate of orders index rose to 12.3 points. The Index of capacity utilization jumped to 19.4 points. The Shipments Index climbed 15 points to 24.7 meters, which corresponds to the highest level in almost 10 years.
** FXStreet News Editorial, FXStreet**