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 5.47 percent in August, and July growth was revised up significantly from 1.5 percent to 4 percent.
Houston’s connection to the global economy does pose some risks as expected slowdowns materialize around the world, but trends in hydrocarbon industries and real estate continue to drive a diversity of economic activity in the region. Thus, the outlook for Houston remains guardedly positive.
Read more...Houston Economic Update October 2012 via FRB of Dallas
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