Texas Economic Expansion Continues but at Slower Pace

by CoyDavidson on July 31, 2012

Texas Business Outlook Surveys

All sectors of the Texas economy continue to expand albeit at a slower pace in July according to the most recent Texas Business Outlook Surveys from the Federal Reserve Bank of Dallas.

Texas Manufacturing Activity Posts Slower Growth

Texas factory activity continued to increase in July, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell from 15.5 to 12, suggesting slightly slower output growth … read the full report

Texas Service Sector Growth Slows

Texas service sector activity expanded, albeit at a slower pace in July, according to business executives responding to the Texas Service Sector Outlook Survey. The revenue index, a key measure of state service sector conditions, fell from 10.9 to 2.4, its lowest reading since May 2011… read the full report

Retail Sales Weaken

Retail sales fell in July, according to business executives responding to the Texas Retail Outlook Survey. The sales index moved down from 7 to -3.6, its first negative reading since May 2011… read the full report

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