FRB Dallas: Economic Outlook for Houston Remains Solidly Positive

by CoyDavidson on July 9, 2012

Houston CBD IS

Houston Economic Update – July 2012

Economic activity in the Houston metropolitan area, as measured by the Federal Reserve Bank of Dallas business-cycle index, grew at an annualized rate of 2 percent in May, but April growth was revised up to 10 percent. Houston’s connection to the global economy does pose some risks as expected slowdowns materialize around the world, but trends in hydrocarbon industries and manufacturing continue to drive a diversity of economic activity in the region. Thus, the outlook for Houston remains solidly positive.

FRB: Houston Economic Update – July 2012

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