Waco economic index rises in Nov.Waco economic index rises in Nov.https://www.recenter.tamu.edu/news/newstalk-texas/?Item=53902014-01-03T13:15:00Z2014-01-01T00:00:00Z

WACO - After a slight dip in October, the Greater Waco Economic Index (GWEI) returned to its growing ways in November, with spending and employment showing improvement but not increasing at the year-over-year levels it enjoyed earlier in 2013.

The bottom line is that the GWEI set another record in November by hitting 112.9, up from 112.7 in October and 107.6 in November of last year, according to Amarillo-based economist Karr Ingham, who prepares a report for the First National Bank of Central Texas and the Tribune-Herald.

The cities analyzed include Waco, Bellmead, Beverly Hills, Hewitt, Lacy Lakeview, Lorena, McGregor, Robinson, West and Woodway.

For the year, “real auto spending remains in record territory and is a solid 6.4 percent improved over the January–November 2012 period,” Ingham said.

The Metropolitan Statistical Area, which includes all McLennan County, has seen the addition of 1,200 jobs between November of last year and this year.

Waco’s leisure industry, bolstered by the $17 million expansion of the Waco Convention Center, continues to impress.

Building permit total value of $518 million is running 110 percent ahead of last year, thanks primarily to Baylor University’s new $260 million football stadium.

See the Waco Tribune for more.

Waco Tribune-Herald
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