If you were wondering whether low oil and commodity prices were hurting manufacturers in the Texas region, they were. This last bounce in energy prices may have helped to turn things around, though.
Now the question comes down to whether the recovery is sustainable. The Federal Reserve Bank of Dallas released its Texas Manufacturing Outlook Survey for the month of March and it showed a slight expansion in manufacturing activity.
Data from business executives in Texas were collected from March 15 to March 23, and 114 Texas manufacturers responded to the survey. Firms are asked each month on trends covering output, employment, orders, prices and other indicators.
Data indicated that the production index rebounded to positive territory in March for a reading of 3.3. What matters here is that this is fairly live data for the month of March, and it reverses what had been two consecutive months of negative readings.