The Houston Business-Cycle Index increased 7.7 percent in October after climbing a revised 10.8 percent in September. Indicators for manufacturing and service industries improved. Energy prices have continued to ease since July but haven’t taken the steam out of Houston’s economic engine. In the context of positive national indicators, recent data suggest that the Houston economy is growing rapidly as it heads into the holiday season.
Employment increased at an annualized rate of 4.4 percent in October, compared with 6.4 percent in September
Read more...Houston Economic Indicators December 2014 via Dallas Fed