The Houston Business-Cycle Index slowed to a 2.8 percent growth rate in May, down from a revised 7.4 percent in April. Still, energy-related activity and improvement in construction and real estate continue to be dominant forces in the region. Area industry fundamentals remain firm, though not as robust as in much of 2012.
Houston payroll employment grew an annualized 0.8 percent in May and 1.4 percent over the three months ending in May. Financial activities and trade, transportation and utilities posted the fastest employment growth over both time frames.
Read more...Houston Economic Update July 2013 via FRB of Dallas
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.