Houston Economic Update – February 2012
According to the business-cycle index produced by the Federal Reserve Bank of Dallas, economic activity in the Houston metropolitan area grew at an annualized rate of 1.9 percent in December. While Europe continues to be of concern, emerging economies are expected to continue to drive global growth, albeit at a slower pace. Houston’s connection to that global economy has been to be a buoy to local activity. The region continues to display signs that the shadows of recession have mostly faded away, and the road ahead remains bright.