The Houston metropolitan area business-cycle index produced by
the Federal Reserve Bank of Dallas indicates economic activity in
the city grew at an annualized rate of 9.6 percent in October, the
highest reading since April. The ability of Houston and Texas to
plug into the global economy has played a large part in the region’s
exceptional performance this year. The slow recovery in the U.S.
continues, but risks in the euro area and some emerging economies
continue to mount, clouding forecasts. However, Houston’s economic
fundamentals seem strong, and the outlook remains positive.
Dallas FRB - Houston Economic Update December 2011
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