Houston Economic Indicators June 2014 via Dallas Fed

The Houston Business Cycle Index increased at a slower 5.5 percent in April after climbing a revised 7.7 percent in March. This implies that economic conditions, while still strong, softened slightly in April. Overall employment growth slowed, but indicators for manufacturing activity improved. Service industries posted solid gains, and energy prices declined only slightly. Taken together, these indicators continue to suggest a robust local economy.

While remaining quite healthy, employment growth slowed in April to a 3.3 percent annual pace, the slowest growth this year. The two broad categories of education and health and professional and business services posted the fastest growth rates, representing an addition of 4,500 and 3,600 jobs, respectively. Trade, transportation and utilities declined the fastest (losing 2,400 jobs).

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