Revised data suggest that Houston’s economy was slightly stronger than originally estimated at the end of 2015. However, despite those revisions and a very modest increase in oil prices since February, mining-related industries continue to be a significant drag on Houston. Health, leisure and hospitality, and retail trade are softening the impact, but overall, the near-term outlook is tepid at best.
Read more...Houston Economic Indicators April 2016 via Dallas Fed
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.