Tag Archives: texas

Comerica Bank’s Texas Index Boosted by Broad Improvement

Comerica Bank’s Texas Economic Activity Index climbed by 2.6 percentage points in March to a level of 97.5. March’s index reading is 25 points, or 34 percent, above the index cyclical low of 72.8. The index averaged 91.3 points for … Continue reading

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More Evidence of a Turn in the Texas Economy

For the first time since the first quarter of 2015, Texas put together back-to-back quarters of positive state-level real GDP growth in the second half of 2016. We expect the string of real gains to state gross domestic product to … Continue reading

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Comerica Bank’s Texas Index Continues to Improve

Comerica Bank’s Texas Economic Activity Index ticked up by 1.9 percentage points in February to a level of 95.0. February’s index reading is 22 points, or 30 percent, above the index cyclical low of 72.8. The index averaged 91.3 points … Continue reading

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Comerica Bank’s Texas Index Sees Strongest Monthly Gain Since 2014

Comerica Bank’s Texas Economic Activity Index ticked up by 1.3 percentage points in January to a level of 93.1. January’s index reading is 20 points, or 28 percent, above the index cyclical low of 72.8. The index averaged 91.3 points … Continue reading

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Comerica Bank’s Texas Index Advances

Comerica Bank’s Texas Economic Activity Index improved by 0.2 percentage points in December to a level of 91.8. December’s index reading is 19 points, or 26 percent, above the index cyclical low of 72.8. The index averaged 91.4 points for … Continue reading

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Texas Is Turning the Corner, But It will Be a Slow Turn

Texas narrowly missed a technical recession over 2015 and 2016 as real state gross domestic product declined every other quarter from 2015Q2 through 2016Q2 (we define a technical recession as two or more consecutive quarters of declining real GDP). Moreover, … Continue reading

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Comerica Bank’s Texas Index Sees Another Month of Gains

Comerica Bank’s Texas Economic Activity Index grew by 0.7 percentage points in November to a level of 91.6. November’s index reading is 19 points, or 26 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for … Continue reading

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Comerica Bank’s Texas Index Improves for Second Consecutive Month

Comerica Bank’s Texas Economic Activity Index advanced by 0.4 percentage points in October to a level of 91.0. October’s index reading is 18 points, or 25 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for … Continue reading

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Comerica Bank’s Texas Index Sees Modest Improvement

Comerica Bank’s Texas Economic Activity Index improved slightly in September, up 0.3 percentage points to a level of 90.6. September’s reading is 18 points, or 24 percent, above the index cyclical low of 72.8. The index averaged 97.5 points for … Continue reading

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Firmer Oil Prices Help Texas, But Recovery in Houston Will Be Slow

The price for West Texas Intermediate crude oil appears to be stabilizing in the range of $45 to $50 per barrel, providing a floor for drilling activity in Texas. The rig count for the state has bounced off the mid-May … Continue reading

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