Comerica Bank’s Texas Economic Activity Index rose slightly in July, after dipping the previous month, according to the latest report released this week.
The index rose 0.5 points to 99. It as averaged 97 points so far this year, seven points above the index average for all of 2011.
“Job growth in Texas continues to outpace the national average as housing gains momentum on firming sales and prices,” said Robert Dye, chief economist for the Dallas-based bank. “However, drilling … [visit site to read more]