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 5.4 percent in February—significantly outpacing all other major metro areas in the state. Despite persistent worries from the international economy and the drag of sustained high oil prices on the nation, the outlook for Houston remains positive, with hydrocarbon industries and manufacturing leading the way and fueling the growth of Houston’s other industries and international trade.
Read more...Houston Economic Update April 2012 via FRB of Dallas
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