The Houston Business-Cycle Indexwas essentially un changed in May,growing an annualized 7.8percent after a robust 7.9percent in April. The indexrecorded itsfastest three-month growth rate since October 2012. The oiland gas industry posted solidjob gains, and industry funda mentals remained healthy. Refining and plastics contin ued to perform well, and overall labor market conditions remained positive despite somewhat bleak first-quarter exports. Taken together, these indicators continue to imply strong economic conditions in Houston.
Read more...Houston Economic Indicators July 2014 via Dallas Fed
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