Oil Prices Continue to Hurt Texas Economy.

Dallas Federal Reserve Manufacturing Survey (December 2015)

– Production Index  3.4. Previous was 5.2
– General Activity Index -20.1. Previous was -4.9.

This shows factory production increasing while the General Activity Index continues to fall as oil prices fall.

This is a survey index.  Details here: https://dallasfed.org/microsites/research/surveys/tmos/index.cfm