Texas shows signs of slowing; price pressures ease despite buoyant services
Texas job growth slowed in June, though it still exceeded the U.S. rate. Meanwhile, the state economy continued to expand despite the downshift in employment and weakness in manufacturing.
August 03, 2023
Texas Economy
Texas service sector activity accelerates
Growth in Texas service sector activity expanded at a faster pace in July, according to business executives responding to the Texas Service Sector Outlook Survey.
August 01, 2023
Wage growth still exceeds 3 percent despite slowing in business survey measures
Fed policymakers working to reduce inflation have closely monitored how fast wages have risen. National estimates put recent 12-month wage inflation at around 4–5 percent, though these measures can lag other indicators of labor market conditions. More timely wage data can be found from the five regional Federal Reserve Banks that run business surveys.
August 01, 2023
Texas Manufacturing Outlook Survey
Texas factory activity declined in June, according to business executives responding to the Texas Manufacturing Outlook Survey.
July 31, 2023
Agricultural Survey
Bankers responding to the second-quarter survey reported overall better conditions across most regions of the Eleventh District.
July 03, 2023
Texas Economy
Growth slows in Texas service sector
Growth in Texas service sector activity slowed in June, according to business executives responding to the Texas Service Sector Outlook Survey.
June 27, 2023
Texas Manufacturing Outlook Survey
Texas factory activity declined in June, according to business executives responding to the Texas Manufacturing Outlook Survey.
June 26, 2023
Surveys
Banking Conditions Survey
Loan demand declined for the seventh period in a row, and most bankers expect a further deterioration over the next six months.
June 26, 2023
Surveys
Dallas Fed Energy Survey
Activity in the oil and gas sector was unchanged in second quarter 2023, according to oil and gas executives responding to the Dallas Fed Energy Survey.
June 22, 2023
Texas Economy
Texas service sector growth holds steady in May; price and wage pressures ease
Growth in Texas service sector activity continued in May, according to business executives responding to the Texas Service Sector Outlook Survey.
May 31, 2023