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Waco economic index rises againWaco economic index rises againhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=62072013-09-27T16:17:00Z2013-09-27T00:00:00Z

WACO - Spending and employment pushed the Greater Waco Economic Index to 112.4 in August, marking a 19th straight month increase, according to Amarillo economist Karr Ingham. The August index set yet another record high as Central Texas continues to distance itself from recession.

People continue to buy more big-ticket items such as cars and trucks, contributing to a 4.6 percent increase in sales tax receipts Waco and its suburbs received in August.

The jobless rate in August dropped to 6.3 percent from 6.7 percent in July and 6.9 percent in August a year ago.

Hotel and motel tax receipts continue to impress, rising 20 percent for the month and more than 7 percent for the first eight months. The hotel/motel numbers should continue to be boosted in September and through the fall by Baylor University athletics.

Ingham said the construction sector continues to play a significant role in the area’s resurgence. The value of building permits issued through August stood at $470 million, a staggering 137 percent increase compared to the first eight months of last year.

Housing sales remain robust, totaling 1,594 through August — a 13.9 percent increase from the same period a year ago.

Waco Tribune-Herald
Waco
Economy
http://www.wacotrib.com/news/business/waco-economic-index-rises-again/article_c12e1375-cca4-5e7d-9933-2985d7137546.htmlRead more at {Source}

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