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Texas Manufacturing on Upswing, Despite Worries over Oil Prices, Politics and a Winter Freeze

A key measure of Texas manufacturing suggested productivity sharply accelerated in February as it notched one of its best scores since the start of pandemic.

The Federal Reserve Bank of Dallas’ latest survey of manufacturing executives across the state also found marked upticks in the number reporting increases in new orders, shipments and capacity usage after a brief dip in January that followed another uptick in December.

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