Texas Experiencing Economic Growth

The latest survey of the Texas economy by Comerica Bank shows the state continued to grow in March.

Comerica Bank’s Texas Economic Activity Index rose one point in March to a level of 97.  The latest index reading is 25 points, or 35%, above the cyclical low set in mid-2009.

In a prepared statement, Comerica chief economist Robert Dye credited the strong energy sector and improving manufacturing sector for the gains.  He said growth in energy and manufacturing is spilling over into the service sector, providing a broad basis for ongoing economic growth.

Texas job growth remains well above the national average and the state unemployment rate is well below average. Texas unemployment, at 7% in March, dropped to 6.5% in April, according to the Texas Workforce Commission.

On the down side, Dye noted that low natural gas prices are weighing on some drilling activity.


Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined News 88.7 in January 2011. Since arriving in Houston, he has reported on the many changes wrought on the region’s economy by the revolution in domestic oil and gas production. His non-energy reporting runs the gamut from white-collar crime to cattle ranching. His work has aired on...

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