The Houston Business-Cycle Index accelerated to a growth rate of 5.9 percent in July from a June growth rate of 2.7 percent due to very strong job growth. Goods-producing sectors continued to underperform relative to private services. The two have largely offset each other year to date. Leading indicators are pointing toward a moderating of losses in industries tied to the oilfield and sustained growth elsewhere. On balance, the outlook for growth in Houston remains weak and uncertain.
Read more...Houston Economic Indicators September 2015 via Dallas Fed