Wednesday , 28 September 2016
Breaking News

Fed’s Beige Book: Texas Economy Growing at Moderate Pace

DALLAS – The Texas economy grew at a “moderate pace” at the end of the first quarter, despite pressure from lower oil prices, according to the latest Federal Reserve Beige Book.

Real estate and manufacturing showed strength and job growth was reported in a number of sectors, said the report, which covers a six-week period beginning in mid-February and ending March 31.

“Housing activity generally remained solid, and outlooks for the remainder of the year were positive,” the Beige Book said. “Demand for office space remained fairly solid, with the exception of Houston where contacts noted slower net absorption and an increase in the level of sublease space on the market.”

Leave a Reply

Scroll To Top
%d bloggers like this: