The Houston Business-Cycle Index increased just 1.1 percent in January after climbing a revised 4.7 percent in December, marking the index’s fourth consecutive month of deceleration and the weakest one-month growth since October 2011. The index implies a significant slowing in the Houston economy as 2015 began. Service sector employment growth slowed and manufacturing employment declined slightly. However, oil prices have leveled off, health-related industries are performing well and national economic indicators continue to improve. The outlook for Houston is slightly negative over the next few months, but data continue to suggest positive employment growth in 2015.
Employment increased at an annualized rate of 0.1 percent in January after growth of 2.3 percent in December
Read more...Houston Economic Indicators March 2015 via Dallas Fed