HOUSTON, Jan. 25 (Xinhua) -- Factory activity in the U.S. state of Texas continued to expand in January, albeit at a markedly slower pace, according to a survey released on Monday by the Federal Reserve Bank of Dallas.
The Dallas Fed's latest Texas Manufacturing Outlook Survey showed that the production index, a key measure of state manufacturing conditions, fell from 26.8 to 4.6 this month, indicating a sharp deceleration in output growth.
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