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TX Business Conditions Showed Decline in January

Regional economic conditions appeared to deteriorate in January after picking up at year-end, data collected by the Dallas Fed show. Nonetheless, there is optimism regarding the outlook for growth later this year.

Results from the Dallas Fed’s Texas Business Outlook Surveys (TBOS) show that output growth largely stalled in January in the manufacturing and service sectors, with indexes signaling little change in output from December.
Service sector revenues were flat overall in January, and survey respondents said rising COVID-19 cases restrained activity. While the Texas Manufacturing Outlook Survey surprised to the upside in December, production and demand growth decelerated sharply in January. 

Despite the economic recovery that began last June, roughly 60% of respondents said their revenues as of January remained below pre-pandemic levels. When this group was asked when they expect revenues to return to pre-pandemic levels, 30% said within six months and 63% said within a year 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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