Business

Is Texas Out Of The Red?

A trusted indicator of how the Texas economy is doing shows continued robust activity, a trend that resumed last September.

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arrow increase on it Comerica Bank’s Texas Economic Activity Index rose again in June, the latest month the measurement was taken. June was the fourth straight month of increases in the index, which measures a variety of economic indicators across the state. Robert
Dye is Comerica’s Chief Economist.

“We’re on the verge here in Texas of passing out pre-recession employment peak. We’re coming very close to that number, again showing that the Texas economy has really recovered by in large from the great recession and as I expect, is poised to continue growing beyond that.”

Dye says the two factors that could trip-up the Texas economy in the coming months are lower oil prices and the potential of a double-dip national recession.

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