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Texas

  • Economic Indicators

    Energy Indicators

    Refiners continued to boost activity as the country moved into the winter heating season amid low inventories and high margins.

  • Economic Indicators

    Energy Indicators

    Oil prices have eased from summer highs but remained elevated in October. Rising oilfield costs, labor shortages and supply-chain delays are limiting the capacity to grow, and drilling activity has leveled off.

  • Texas Service Sector Growth Weakens Further in September

    Activity in the Texas service sector increased at a slower pace in September, according to business executives responding to the Texas Service Sector Outlook Survey.

  • Economic Indicators

    Texas Economic Indicators

    Texas economic activity accelerated in September. Payrolls increased strongly and jobless claims dipped.

  • Texas Employment Forecast

    The Texas Employment Forecast indicates that jobs will increase 4.4 percent in 2022, with an 80 percent confidence band of 3.9 to 4.8 percent.

  • Economic Indicators

    Energy Indicators

    Deteriorating global economic conditions have reduced expectations for oil consumption growth. OPEC+ has elected to cut production quotas in November, but underproduction by member countries is likely to mute the total impact.

  • Dallas Fed Economics

    Diverse, resilient Houston looking at moving beyond traditional energy base

    Dallas Fed President Lorie K. Logan met with Houston business and community leaders earlier this month in the stop on her 360° in 365 Listening Tour.

  • Supply chains slowly mend as Texas firms view recovery in 2023

    Since the COVID-19 pandemic began in early 2020, disrupted global supply chains have strained Texas businesses trying to meet strong demand.

  • Texas exports reach new record despite strong dollar

    Texas remains the nation’s top exporter, setting records each month despite the recent appreciation of the dollar. A strong dollar can be bad for business because it makes U.S. goods more expensive overseas.

  • Office markets slowly emerge from pandemic slump

    The pandemic seismically shifted work from the office to home, particularly during its initial lockdown phases. Even when these limits and capacity restrictions eased and economic activity rebound­ed, office space demand remained soft and vacancy rates climbed.