Economic activity in the Houston metropolitan area, as measured by the Federal Reserve Bank of Dallas business-cycle index, grew at an annualized rate of 7 percent in November. This figure was accompanied by an upward revision of the October growth rate from 9.6 to 9.8 percent. Energy, chemicals and trade have continually allowed the region to outperform the nation and even the state. Despite trouble from Europe and a slowly accelerating national recovery,Houston for the most part left the Great Recession behind in 2011, and its outlook remains positive.
Read more...Houston Economic Update January 2012 via FRB of Dallas