Texas Economy Soft in January, but Outlook Optimistic for Later in 2021
Regional economic conditions appeared to deteriorate in January after picking up at year-end, data show. Nonetheless, there is optimism regarding the outlook for growth later this year.
Services, Construction Lead Texas as Manufacturing, Energy Soften
Sluggish growth in manufacturing is attributable to softening demand for durables, which appears tied to a slowing energy sector.
Texas Economy Improves Despite Lagging Sectors as COVID-19 Cases Decline
Continued growth is projected for the rest of the year, but it may be somewhat restrained by the expiration of federal stimulus programs and election uncertainty.
Go Figure: Vehicle Sales Highlight Surprising Resilience in Spending During Pandemic
Texas truck/SUV sales held steady while car sales declined steeply amid the recession caused by COVID-19.
Texas Economic Activity Sharply Falls in Wake of COVID-19
Virus containment measures have prompted unprecedented declines in demand and triggered mass layoffs, shaking business and consumer confidence.
Small Business Hardships Highlight Relationship with Lenders in COVID-19 Era
The COVID-19 crisis has disrupted normal small business operations and will likely limit the ability of many enterprises to stay financially afloat. Although lenders have become better equipped to evaluate risks and serve small businesses, the supply of credit tends to shrink during economic downturns.
Texas Economy Keeps Growing Despite More Pessimistic Outlook
The regional economy is growing at a moderate pace, and labor markets remain tight. However, the outlook among Texas firms has deteriorated due to concern about tariffs, trade policy uncertainty and slowing global growth.
Without Immigration, U.S. Economy Will Struggle to Grow
Slowing labor force growth is the product of a number of factors—the aging of the U.S. population, retiring baby boomers and declining birth rates. But another element is immigration.
Go Figure: Assessing the Cost of Longer Border Wait Times
Wait times spiked in spring 2019 when Customs and Border Patrol resources were diverted away from border crossings.
Go Figure: Migrant Apprehensions at U.S.–Mexico Border Spike in 2019
Apprehensions of migrants at the U.S. southern border surged in spring 2019.