06132021Sun
Last updateFri, 11 Jun 2021 4pm

Manufacturing & The Economy

Texas Economy Showing Signs of Expansion

The Texas economy showed continued signs of expansion in July, though the pace slowed from June’s robust growth. Payrolls across the state edged up and the unemployment rate dipped. The Texas Leading Index continued to grow. Service and retail revenue indexes contracted in July as the COVID-19 pandemic lingered, while the manufacturing production index inched up, according to the Texas Business Outlook Surveys. Texas exports rose in June, though not enough to result in an increase in the three-month moving average, and in early August, overall credit and debit card spending had largely recovered from its steep decline in March.

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