Texas economic indicators were mixed in December. The state finished 2018 with strong job growth and continued labor market tightness, but forward-looking indicators suggest that the state’s economic outlook has softened. The leading index dipped for the third month, and the Dallas Fed’s 2019 employment forecast shows slower growth than the state’s long-run average. The Texas Business Outlook Surveys suggest that current output growth slowed, and firm sentiment about broader economic conditions and company outlooks deteriorated.
Read more...Texas Economic Indicators January 2019 via Dallasfed.org