Growth in Texas service sector activity continues
Texas service sector activity expanded at a faster pace in December than the prior month, according to business executives responding to the Texas Service Sector Outlook Survey.
December 31, 2024
Texas Manufacturing Outlook Survey
Texas factory activity increased in December, according to business executives responding to the Texas Manufacturing Outlook Survey.
December 30, 2024
Southwest Economy
Eleventh District community banks outperform peers despite weaker credit quality
Eleventh District community banks will likely continue to outperform their nationwide peers in terms of profitability, given their larger share of noninterest-bearing deposits.
December 27, 2024
Economic Indicators
Texas Economic Indicators
The Texas economy expanded modestly in November. Employment grew slightly. Initial unemployment claims decreased in mid-December. The November Texas Business Outlook Surveys show continued moderate wage growth in the manufacturing and services sectors.
December 26, 2024
Dallas Fed Economics
Texas economy grows modestly; business outlooks brighten
The Texas economy exhibited recent signs of expansion, though job growth has slowed. A measure of economic activity, The Dallas Fed Texas Business Outlook Surveys (TBOS), shows moderate gains in services revenue, a resumption of retail sales increases and stable manufacturing production.
December 24, 2024
Economic surveys
Agricultural Survey
Bankers responding to the fourth-quarter agricultural survey reported persistent weak conditions across most regions of the Eleventh District.
December 23, 2024
Texas Employment Forecast
The Texas Employment Forecast estimates jobs will increase 1.6 percent in 2024, with an 80 percent confidence band of 1.5 to 1.7 percent.
December 20, 2024
Economic Indicators
Energy Indicators
Gasoline and diesel prices have come down since 2022. While motor gasoline consumption was low compared with historic trends, distillate fuel consumption was significantly weak in 2024.
December 18, 2024
Southwest Economy
Electric reliability concerns spur Texas backup generation boom
Amid growing concerns about reliability of electricity services across power-hungry Texas, deployment of back-up power sources—microgrids and alternative generation—is increasing. These assets, serving customers ranging from college campuses to oilfield operations, help keep the lights on when disaster strikes.
December 06, 2024
Economic Indicators
Energy Indicators
The capital expenditures index from the Dallas Fed Energy Survey as well as business investment in mining were nearly flat in third quarter 2024. Increases in the development cost index for Exploration and Production (E&P) firms are increasing at a faster rate than input costs for oil and gas (O&G) support service firms.
December 05, 2024