Is Texas Out Of The Red?
by: Jack Williams, August 26, 2011 11:08:00 pm
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.