The Houston Business Cycle Index surged 6.7 percent in December after rising a revised 2.9 percent in November. A solid jobs report and ongoing strength in housing and construction continue to signal a robust economy, although import and export growth in the region have flattened out. Overall, the outlook for Houston remains healthy.
December employment growth was a vigorous 4.2 percent overall. Leisure and hospitality posted the fastest growth rate, while financial activities had a sharply negative month. Education and health accelerated in December due to strong gains in health services.
Read more...Houston Economic Update February 2014 via Dallas Fed
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