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.
Read more...Houston Economic Update: Economic Activity Grew at a 9.6 Annualized Rate - December 2011 - Economic Research - FRB Dallas
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