Luis B. Torres, Wesley Miller, and Paige Woodson (Dec 11, 2018)
Texas' economic expansion continued but with less momentum. Falling oil prices and signs of weakness in the European and Asian economies weighed on domestic activity. While growth is moderating, the outlook remained positive among a healthy labor market. Rising wages, lower inflation, and a slowdown in home-price appreciation boosted real purchasing power. The goods-producing sector calmed after substantial growth in 2018, but service providers picked up the slack. Texas trade continued to flourish as products shifted from China to other economic partners, but the ongoing dispute between the world's two largest economies could contribute to waning global activity. Political tension and gridlock in Washington added to the current state of uncertainty.
View original article at Texas A&M Real Estate Center.