Annualized monthly economic growth slowed considerably to 1.5 percent in July, as measured by the Federal Reserve Bank of Dallas business-cycle index, following a significant upward revision of the prior two months to 2.9 and 6.4 percent. With healthy hydrocarbon industries and a broad-based improvement in real estate markets,
Houston’s economic fundamentals remain in growth territory, but downside risks weigh heavily. Regulatory uncertainty, the U.S. fiscal situation and stresses in the global economy continue to cloud the horizon. Therefore, the Houston outlook is guardedly positive..
Read more...Houston Economic Update September 2012 via FRB of Dallas
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