El Paso Economic Indicators and Good News

Continued job growth and record home sales boosted El Paso economic indicators in June 2018, according to data released by the Federal Reserve Bank of Dallas. The El Paso Business-Cycle Index increased by a 2.4% annualized rate, faster than the 1.2% increase reported in May 2018. The reason, according to the Dallas Fed analysts, was because El Paso jobs grew at an annualized rate of 3.4% over the same period.

Meanwhile, 8,445 houses sold in June, up 9.8% year over year. The median home price remained mostly unchanged, however. Finally, annualized total trade amounted to $82.3 billion in May, a 5.2% increase from the year before. Export and import increases were the reason for the gains, according to the Dallas Fed.

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