Houston business-cycle and leading indexes pointed to a growing economy in May. Employment, particularly mining-related jobs, accelerated, but the U.S. rig count and oil prices have fallen in recent months. Manufacturers reported negative impacts from tariffs, while measures of global manufacturing showed signs of slowing—including for Houston trade partners. Taken together, the outlook for the region remains positive.
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Houston Economic Indicators July 2019 via dallasfed.org
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