Texas Economic Update
The Federal Reserve Bank of Dallas reported that regional economic indicators point to stronger job and output growth in the first quarter of the year. Since December, Texas job growth has surged, unemployment has dipped, survey indexes have posted strong readings for production and revenue, retail sales have increased and exports have risen further. The Texas Leading Index increased in February for the fifth consecutive month. However, construction remains subdued, house prices are still depressed and purchasing power is undermined by high fuel and food prices.
Read the full report: Texas Economic Update