The Houston Business-Cycle Index declined at an annual rate of 1.9 percent in August. July’s growth rate was revised down from 5.9 percent to 4.4 percent. Upstream energy (oilfield-related employment and manufacturing) weakness continues to be at least partially offset by strength in downstream energy (refining and petrochemicals). Leisure and hospitality and health care, two sectors driven in part by Houston’s robust population growth, also continue to log solid gains. On whole, the outlook for Houston is for job growth to remain flat.
Read more...Houston Economic Indicators October 2015 via Dallas Fed
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