Moderate Economic Expansion Continues in Texas

Texas employment expanded an annualized 2.2% in March 2019, while the state unemployment rate held steady at 3.8%. This, in turn, led to an annualized 3.9% increase in the Texas Business-Cycle Index, according to a report from the Federal Reserve Bank of Dallas. The Dallas Fed indicated that, while the index has been slowing for nine consecutive months, it remains above the long-term average of 3.5%.

Texas exports fell by 1.1% in February 2019. During the first two months of 2019, however, compared with the same period in 2018, the state’s exports increased by 8.8%. Exports to Europe increased the highest year to date, followed by Asia (excluding China), Central America, the Caribbean, Africa and South America. Meanwhile, exports to Mexico remained flat, with exports to Canada down slightly. Exports to China fell by 52.7%

For comments, questions or concerns, please contact Amy Sorter