Texas Economic Indicators
July 2012
Federal Reserve Bank of Dallas
<http://www.dallasfed.org/research/indicators/index.cfm>
The Texas economy continues to expand, with employment growing at a 0.8 percent annual rate in May. Texas existing-home sales and single-family construction permits rose, while housing starts fell. Exports declined in April, and crude oil prices moved further down in June.
Growth in Texas manufacturing activity surged in June, according to
the Texas Manufacturing Outlook Survey.