Managers Cautious But Upbeat About Texas Economy

A new survey of Texas business owners finds a large majority do not expect an economic downturn in 2013.

Eighty-five percent of Texas business managers surveyed expect the economy to expand or remain the same this year. Ron Martin is chief operating officer of UHY Advisors Texas, which conducted the survey. He describes the overall mood as “cautiously optimistic.”

“What I find encouraging in looking at this survey today is that in spite of economic uncertainty in the global economy — clearly there’s some uncertainty politically domestically — that our business leaders remain upbeat.”

More than 90% of executives say their companies will increase or hold employment steady this year. Almost two-thirds forecast their companies’ revenue will rise, while more than a third plan to increase capital investment.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...