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
Economic Indicators
Texas Economic Indicators
The Texas economy expanded further in June, albeit at a slower pace. Employment grew in most sectors and across all major metros.
July 31, 2023
Texas Employment Forecast
The Texas Employment Forecast indicates that jobs will increase 2.5 percent in 2023, with an 80 percent confidence band of 2.1 to 3.0 percent.
July 21, 2023
Economic Indicators
Energy Indicators
Oil and gas executives expect West Texas Intermediate (WTI) crude oil to end the year as high as $80 a barrel. Employment growth in the oil and gas sector is increasing at a slower rate compared with last year’s period of heightened energy prices, but it is still at robust levels.
July 13, 2023
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
Economic Indicators
Texas Economic Indicators
The Texas economy expanded further in May. Payrolls rose in most sectors, and jobless claims fell in mid-June.
June 26, 2023
Dallas Fed Economics
Texas economic growth outpaces nation despite persistent downside risks
Texas employment growth advanced in May, continuing to surpass the national average.
June 22, 2023
Texas Employment Forecast
The Texas Employment Forecast indicates that jobs will increase 2.8 percent in 2023, with an 80 percent confidence band of 2.2 to 3.3 percent.
June 16, 2023
Economic Indicators
Energy Indicators
Oil prices were affected little by Saudi Arabia’s decision to cut 1 million barrels a day (mb/d) in July. Crude and other liquids inventories in developed nations have been declining over the past year but are expected to rise through the end of 2024.
June 16, 2023
District banks meet challenging times from position of strength
Texas banks confront an increasingly challenging operating environment, as the state’s usually strong economic growth is predicted to slow later this year and the Federal Reserve’s rapidly rising interest rate environment pressures some institutions’ profitability.
June 01, 2023