Texas economy growing at 'moderate' pace, Dallas Fed saysTexas economy growing at 'moderate' pace, Dallas Fed sayshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=167862017-06-06T05:00:00Z2017-06-06T17:00:00Z

​​​DALLAS – In the Federal Reserve banks​' most recent Beige Book, the Dallas Fed said economic activity in the 11th District grew at a "moderate" pace.

The 11th District includes all of Texas and parts of New Mexico and Louisiana, with Texas accounting for more than 95 percent of the region's economic activity.

"[11th District] manufacturing output rose, and activity in nonfinancial services increased," the report said. "Retail sales strengthened slightly, despite some reports of softening in auto sales.

"Housing demand grew, lending activity increased, and the energy sector saw further improvement.

"Production prospects for crops were mostly favorable.

"Employment and wages rose, as did prices.

"Outlooks generally improved, although a few firms noted they were in wait-and-see mode due to uncertainty surrounding U.S. trade policies."​

Dallas Morning News
https://www.dallasnews.com/business/economy/2017/06/01/dallas-fed-sees-moderate-growth-fueling-virtually-areas-texas-economyRead more at {Source}

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