The Houston Business-Cycle Index advanced an annualized 1.6 percent in June after rising 6.6 percent in May. This pullback was driven by a surprisingly steep fall in the number of jobs added in June relative to May. Housing and construction-related activity remains at healthy levels, though construction employment growth has tapered off. Total trade growth in the region improved
on increased imports. Overall, the outlook for Houston remains positive, though not as robust as earlier indicators may have suggested.
Read more...Houston Economic Indicators August 2014 via Dallas Fed
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