Dallas Fed: Growth in Texas manufacturing activity holds steady

"Texas factory activity continued to increase in September, according to business executives responding to the Texas Manufacturing Outlook Survey," said the Federal Reserve Bank of Dallas on Monday.

Key takeaways:

• The production index, a key measure of state manufacturing conditions, edged down to 19.5 from 20.3 in August, indicating output grew at about the same pace as last month.
•  The new orders index increased and the growth rate of orders index ticked down but stayed positive, coming in at 18.6 and 9.7, respectively.
• The capacity utilization index edged up four points to 15.8, while the shipments index jumped nine points to 27.4.
• Labor market measures suggested faster employment growth and longer workweeks this month. The employment index came in at 16.3, its highest level since April 2014.