New Center report: Declining trade greatest challenge for Texas economyNew Center report: Declining trade greatest challenge for Texas economyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=207912018-08-07T05:00:00Z2018-08-07T17:00:00Z

​​COLLEGE STATION – Texas' economic expansion continued amid increased activity in the goods-producing industries, but rising input costs, resulting from domestic tariffs, could deflate the rate of growth. 

According to the Real Estate Center's latest Outlook for the Texas Economy report, employment growth moderated to more sustainable levels after explosive growth to start the year. The improved workforce environment pushed the labor force participation rate to a three-year high. Average earnings remained stagnant but extended to a broader base of workers. Upward inflationary pressure, however, weighed on Texans' purchasing power. 

Shortages of entry-level homes lifted shelter costs and hindered housing sales despite strong demand. A declining trade environment remains the greatest headwind to the Texas economy, challenging some of the state's most productive industries.

Subscribe to email notifica​tions​ to get this report sent directly to your inbox once a month. The Outlook for the Texas Economy is written by Center Chief​​​ Economist Dr. Jim Gaines, Research Economist Dr. Luis Torres, ​Research Associate Wesley Miller, and Student Intern Paige Woodson. 

Real Estate Center
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