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Last updateFri, 16 Aug 2019 8pm

Manufacturing & The Economy

Texas Economic Activity Stabilizes, Slower Job Growth Ahead

Output growth in Texas has stabilized after a relatively robust 2018, the Federal Reserve Bank of Dallas’ Texas Business Outlook Surveys suggest. However, a tight labor market, slowing energy activity and weakening global demand will restrain Texas growth during 2019, an assessment consistent with the Dallas Fed’s outlook for the year.

Texas Business Outlook Surveys (TBOS) data suggest economic growth remains steady but at lower levels than last year when TBOS indexes of economic activity were higher. While growth in manufacturing production and service sector revenue are at long-term averages, retail sales are well below average.

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