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Amarillo National Bank: Economic Analysis August 2013Amarillo National Bank: Economic Analysis August 2013https://www.recenter.tamu.edu/news/newstalk-texas/?Item=62082013-10-01T11:00:00Z2013-09-27T00:00:00Z

AMARILLO - Amarillo’s Leading Index has been positive for the last three months after choppy readings in spring 2013. The Amarillo National Bank is forecasting a stronger economy for September 2013 through November 2013.

There are 1,700 more people working in Amarillo, according to the Employers Survey.

Building permits doubled last year’s levels with $44 million in roofing permits; roofing companies carried 80 percent of the construction.

Higher mortgage rates have cut single-family starts in half. Commercial building permits are almost zero except for roofs and remodels. Milk prices are at $19, a 16 percent increase from last year.

There are 5 percent less drilling rigs in the Panhandle even though oil prices are up 6 percent. Natural gas prices are up 18 percent from 12 months ago.
 

Amarillo Economic Analysis: August 2013
  August 2013 July 2013 August 2012
Index* 233.29 228.22 225.48
Sales tax collection-YTD $46,584,800 $39,582,290 $43,512,434
Airline boardings 34,624 37,507 36,414
New vehicle sales 1,773 1,268 1,401
Hotel/motel receipt tax $679,885 $503,444 $554,474
Total workers employed 128,500 128,200 127,600
Average weekly wages $796.10 $796.10 $759.37
Building permits amount $59,013,201 $36,753,738 $29,417,672
Residential starts 30 36 60
Drilling rigs
in panhandle
72 75 76

*Base-100, January 1988

Amarillo National Bank
Amarillo
Economy
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