By Jessica Coacci
Texas' factory sector showed mixed trends in June as output growth decelerated and perceptions of broader business activity were stable, according to the Federal Reserve Bank of Dallas.
The Texas Manufacturing Outlook Survey's index for general business activity, released by the Dallas Fed, was flat in June, with the zero reading indicating no change in activity from May.
The production index, a key measure of state manufacturing conditions, fell five points to 4.1, a reading suggestive of a below-average pace of output expansion. The company outlook index increased, signaling a slight improvement in outlooks.
However, the new orders index fell further. Employment growth resumed in June, and work hours rose.
Meanwhile, the raw materials prices index remained unchanged. The finished goods prices index rose 10 points to 28.6.
Write to Jessica Coacci at jessica.coacci@wsj.com