The Houston Business-Cycle Index was essentially unchanged from May to June, contracting an annualized 0.1 percent. Exports and housing activity proved resilient in recent months even as oil and gas industries suppressed the region’s outlook. Job losses in construction and other goods-producing industries have continued to mount since April, while overall employment managed to increase. On the whole, indicators for the region point to further weakness in employment and output.
Read more...Houston Economic Indicators August 2015 via Dallas Fed
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