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Texas economic expansion likely to continue in 2020, says Dallas Fed senior economist Keith R. Phillips.pic.twitter.com/fFKIFT8Y2g
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Dallas Fed vice president and senior economist Keith R. Phillips delivers his forecast for the Texas economy in 2020.
: https://www.dallasfed.org/research/events/2020/20econforecast.aspx …
#TXForecast2020pic.twitter.com/KSqAnc512r
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Texas Economic Indicators: The Texas economy continued to grow in December, with payrolls expanding at an above-average pace. The unemployment rate increased for the first time since January 2019.
: https://www.dallasfed.org/research/indicators/tei/2020/tei2001.aspx …pic.twitter.com/EPGBgrVSc4
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Database of Global Economic Indicators: Industrial production has plateaued since 2018, limiting the gains from the rebound since 2016, and signs of an uptick heading into 2020 are still scarce. Check out the January release for more data: https://www.dallasfed.org/institute/dgei pic.twitter.com/Ul42XxmFDM
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Retail Survey: Growth in Texas's retail sales decelerated in January. The sales index remained in positive territory but declined from 13.5 in December to 4.8 in January.
: https://www.dallasfed.org/research/surveys/tssos/2020/2001.aspx#tros-report …pic.twitter.com/yQOs3B4ou3
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Service Sector Survey: The Texas service sector began 2020 growing at a similar pace as the end of 2019. The revenue index, a key measure of state service sector conditions, was mostly unchanged at 18.8 in January, compared with 17.9 in December.
: https://www.dallasfed.org/research/surveys/tssos/2020/2001.aspx …pic.twitter.com/jDeaGN2t6d
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Manufacturing Survey: Growth in Texas factory activity accelerated in January. The production index rose seven points to 10.5, suggesting stronger output growth than last month.
: https://www.dallasfed.org/research/surveys/tmos/2020/2001.aspx#tab-report …pic.twitter.com/ZJH42DEXwk
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Wait times between the Texas-Mexico border spiked in 2019 when
@CBP resources were diverted. Why is the uninterrupted flow of goods so important? We look at the numbers and consider the impact to a favorite side dish. https://www.dallasfed.org/research/swe/2019/swe1904/swe1904f.aspx …pic.twitter.com/UZ1KWi1Zlu -
Permian Basin Economic Indicators: Oil production reached a new high in November, while the rig count was largely flat in December. Home price gains in the Permian have slowed, and homes sales dipped further.
: https://www.dallasfed.org/research/indicators/pb/2020/pb2001 …pic.twitter.com/JYtFUKcxH9
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Major Texas metros have seen big increases in college-educated residents within three miles of their city centers. See more charts and analysis about
#gentrification's effect on race, home values, construction and more.
: https://www.dallasfed.org/research/swe/2019/swe1904/swe1904b …pic.twitter.com/Lejzq2hRib
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Texas Service Sector Outlook Survey: In December, the service sector grew at a faster pace and growth in retail sales accelerated markedly. The revenue index increased to 17.9 and the sales index rose to 13.5, its highest level in more than a year. https://www.dallasfed.org/research/surveys/tssos/2019/1912.aspx …pic.twitter.com/eqS5IVurSC
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Texas Manufacturing Outlook Survey: The production index rebounded to 3.6 after dipping into negative territory last month. https://www.dallasfed.org/research/surveys/tmos/2019/1912.aspx …pic.twitter.com/CAxoZPpwVQ
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Dallas Fed Energy Survey: Execs were also asked about their expectations for capital spending in 2020 versus 2019. https://www.dallasfed.org/research/surveys/des/2019/1904 …pic.twitter.com/2WK5rEQhvO
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Increased flaring of natural gas in the
#Permian Basin has received growing attention. Dallas Fed Energy Survey respondents cite lack of pipelines, infrastructure issues. https://www.dallasfed.org/research/surveys/des/2019/1904 …pic.twitter.com/8sobndghzl
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Dallas Fed Energy Survey: Activity in the
#OilandGas sector dipped again in fourth quarter 2019, though the pace of contraction lessened.#OOTT https://www.dallasfed.org/research/surveys/des/2019/1904 …pic.twitter.com/tcDfgLdijy
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Texas Employment Forecast: We suggest jobs will grow 1.9% this year and based on our forecast, 243,500 jobs will be added in Texas. https://www.dallasfed.org/research/forecast/2019/emp191220.aspx …pic.twitter.com/vyJTbfgKlQ
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Permian Basin Economic Indicators: While job growth has been sluggish this year, the three-month average for private sector hourly wages in Midland continues to climb.
: https://www.dallasfed.org/research/indicators/pb/2019/pb1912.aspx …pic.twitter.com/memxugmGCN
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Texas Update: Our economy picked up in October and data revisions show weaker 2019 growth. Read More: https://www.dallasfed.org/research/economics/2019/1219 …pic.twitter.com/uOaaUb0yyn
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May the warmth of the season sustain you throughout the coming year! Happy holidays from us at the Dallas Fed!
#HappyHolidayspic.twitter.com/PsHSccEqcm -
Building Wealth is a free, basic guide to securing your financial future. Use our online guide or order copies here: https://www.dallasfed.org/-/media/microsites/cd/wealth/index.html …pic.twitter.com/V4KFgftgGU
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