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Texas Economy Building Momentum to Start Year
Growth in the Texas economy picked up at year-end 2019 and accelerated into January and job gains in December were accompanied by service sector growth.
Journal Article
Texas economy to ride higher in the saddle in 2011
The Texas economy grew moderately in 2010, outperforming most other states. Jobs increased by 209,000, a growth rate of about 2 percent?near the state?s average pace since 1980. Strength in the high-tech and energy sectors was an important source of Texas? economic might relative to other parts of the country. The state also suffered less from housing price declines. ; Leading indicators, generally positive at the end of 2010, suggest an improving outlook in 2011 as consumers and businesses regain confidence in the economy. The Dallas Fed forecasting model projects Texas job growth of 2.5 ...
Journal Article
Texas high tech shakes off post-pandemic slump, readies new growth path
Texas is poised to lead in new advanced technologies, notably artificial intelligence (AI) and semiconductor manufacturing.
Journal Article
What’s Driving Wide Gap Between Cattle and Beef Prices?
Delta Surge Disrupts Texas Firms Less than Earlier COVID-19 Waves, Dallas Fed Surveys Say
The overall impact on business of the summer and fall wave of the COVID-19 virus infection was more muted than initial surges because firms were better prepared and demand didn’t plunge as it did before, according to respondents to the Dallas Fed’s Texas Business Outlook Surveys.
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.
Working Paper
Texas Manufacturing Outlook Survey: Survey Methodology, Performance and Forecast Accuracy
The Texas Manufacturing Outlook Survey (TMOS) is a monthly survey of area manufacturers conducted by the Federal Reserve Bank of Dallas. TMOS indexes provide timely information on manufacturing activity in Texas, which is useful for understanding broader changes in regional economic conditions. This paper describes the survey methodology and analyzes the explanatory and predictive power of TMOS indexes with regard to other measures of state economic activity. Regression analysis shows that several TMOS indexes successfully track changes in Texas employment, gross domestic product and consumer ...
Journal Article
Noteworthy: venture capital: U.S. rises, but Texas continues its decline
Texas found itself left out of the nation's first quarterly uptick in venture capital activity since 2007. Investment in the state fell 58 percent from the first to second quarter, coming in at $74 million, its lowest level since data first became available in 1995.
Journal Article
Noteworthy: Texas exports: NAFTA markets spur trade turnaround
Upturns in the Mexican and Canadian economies, coupled with the dollar's declining value, fed strong Texas export growth in the second half of 2009. The state's real exports increased 15.8 percent from the second to fourth quarter, and the United States' NAFTA partners played a key role.
Journal Article
Natural gas from shale: Texas revolution goes global
The Texas experiment in extracting natural gas from the Barnett Shale proved the technical feasibility of shale gas development and brought costs within bounds that promise to give shale gas an important role in global energy supplies for decades to come. ; Shale gas cost estimates vary widely, partly because of limited experience in a few basins and partly because the technology is evolving. Prices of competing energy sources at levels seen today will likely stimulate continued rapid development of natural gas from shale. However, additional regulations to protect or conserve groundwater ...