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Waco index retreats, still near historic highWaco index retreats, still near historic highhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=176042017-09-05T05:00:00Z2017-09-05T18:30:00Z

​WACO – The Greater Waco Economic Index retreated to 124.4 in July 2017, down from a revised 125.5 in June 2017.

The index has mostly tread water in recent months, “though it remains at or near its all-time high,” said economist Karr Ingham, who prepares the monthly snapshot.

The sale of existing homes increased about 5 percent from July 2016. 

Waco’s tourism industry continues to make waves, with local lodging establishments generating $5.2 million in revenue last month, an almost 15 percent year-over-year increase. The sector has brought in almost $30 million for the year.

The Greater Waco Economic Index is a monthly snapshot of the city’s economic status. The 19 indicators used include retail sales, auto sales, building permits, average home-sale prices, airline enplanements, employment data and other statistics.​​Amarillo-based economist Karr Ingham prepares the monthly report for the First National Bank of Central Texas and the Waco Tribune-Herald. Index results are based at 100, a figure established in the year 2000.

Waco Tribune-Herald
Waco
Market Overview
http://www.wacotrib.com/news/business/greater_waco_economic_index/greater-waco-economy-turns-sluggish-in-july/article_0a069d71-d84d-579a-9e9d-99a3b626d1d9.htmlRead more at the {Source}

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