The Austin economy continued to expand in February, albeit at a slower pace. The Austin Business-Cycle Index grew at a moderate clip. While jobs were added at a healthy pace, the unemployment rate increased slightly. COVID-19 hospitalizations declined further since peaking in mid-January, and regional consumer spending has been strong. Existing-home sales weakened sharply in February, likely impacted by Winter Strom Uri.
Read more...Austin Economic Indicators March 2021 via Dallas Fed