There are signs that Houston’s third wave of COVID-19 infections that began in late July was depressing local economic activity by the end of August, albeit modestly. Payroll growth in July accelerated as Houston’s recovery continued. On the negative side, surveys of business input prices continued to log near-record rises in price pressures. Overall, the outlook remains positive, but near-term risks from COVID-19 are rapidly rising.
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Houston Economic Indicators September 2021 via Dallas Fed
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