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Texas

  • Economic surveys

    Agricultural Survey

    Bankers responding to the first-quarter survey reported sustained dry conditions across most regions of the Eleventh District.

  • Southwest Economy

    New Mexico fuels U.S. crude oil output, funding for local programs

    New Mexico has become a U.S. leader in energy production over the past five years, drawing on Permian Basin reserves in the southeastern corner of the state. Oil and gas proceeds fund an increasing share of state government, most notably involving education programs.

  • Texas Employment Forecast

    The Texas Employment Forecast indicates jobs will increase 1.9 percent in 2025, with an 80 percent confidence band of 1.2 to 2.6 percent.

  • Dallas Fed Economics

    Decline in bank stress likely to continue as interest rates normalize

    While the key measures suggest that conditions that hamper a bank’s resilience to economic adversity are marginally higher than before the pandemic in 2019, we expect further declines in bank stress levels as interest rates normalize.

  • Economic Surveys

    Growth in Texas service sector activity continues despite surge in uncertainty

    Texas service sector activity increased in February, according to business executives responding to the Texas Service Sector Outlook Survey.

  • Economic Surveys

    Texas Manufacturing Outlook Survey

    Texas factory activity fell in February after rising notably in January, according to business executives responding to the Texas Manufacturing Outlook Survey.

  • Economic Indicators

    Energy Indicators

    Natural gas liquids production increased in 2024 as did exports. The number of U.S. chemical railcar loadings remained flat compared to last year. Intermediate chemical prices have risen in recent months, while chemical export numbers, adjusted for inflation, are on the decline.

  • Texas Employment Forecast

    The Texas Employment Forecast indicates jobs will increase 1.6 percent in 2025, with an 80 percent confidence band of 0.8 to 2.4 percent.

  • Research Events

    Texas Economic Outlook 2025

    On Feb. 7, 2025, Dallas Fed Vice President and Senior Economist Pia Orrenius released the Dallas Fed's forecast for Texas employment growth for the year and shared details on the factors likely to influence Texas economy in 2025.

  • Southwest Economy

    Industrial building boom is bigger in Texas, signaling growth wave

    Texas is undergoing a boom in technology and energy-related construction that follows a pandemic-era warehouse and logistics building surge.