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Texas Manufacturing Strengthens

Texas Business reports:  Texas factory activity increased again in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose markedly from 6.8 to 17.6, indicating output grew at a faster pace than in August.

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State hay supplies range from surplus to practically non-existent

Texas Business reports: COLLEGE STATION – What is the status of statewide hay supplies? It depends upon where you are, according to Larry Redmon, Texas A&M extension service state forage specialist, College Station.

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Economic Gains Likely to Tighten Job Market, Push Up Wages

Texas Business reports: Economic indicators released over the past two months present a picture of modest growth thus far in 2014. In its first estimate, second-quarter gross domestic product (GDP) growth came in at an annualized 4 percent, putting first-half average growth at 0.9 percent. Job gains decelerated slightly from June to July, but payrolls are still expanding at a healthy pace. Meanwhile, the unemployment rate increased slightly to 6.2 percent in July.

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Global Growth Outlook Weaker but Still Positive
Texas Business reports: The world growth outlook remains positive but has weakened slightly with recent data releases, especially in emerging economies. The International Monetary Fund (IMF) has reduced its forecast for 2014 global growth from 3.7 percent to 3.4 percent but kept its forecast for 4 percent growth in 2015 unchanged. Global risks include the expanding credit market in China, labor market slack and low inflation in the euro-area periphery, and the fledgling recovery in Japan. Full Story »
Regional Economic Growth Builds Momentum

Texas Business reports: The regional economy picked up pace in the second quarter, with payroll employment growing at a faster rate than in the first quarter. The Texas Business Outlook Surveys (TBOS) point to an uptick in activity in June and July. The July Beige Book continued to note healthy growth and optimism in outlooks. A strong energy sector, brisk activity in commercial real estate and lower economic uncertainty all seem to be helping Texas.

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Global Growth Outlook Weaker but Still Positive
Texas Business reports: The world growth outlook remains positive but has weakened slightly with recent data releases, especially in emerging economies. The International Monetary Fund (IMF) has reduced its forecast for 2014 global growth from 3.7 percent to 3.4 percent but kept its forecast for 4 percent growth in 2015 unchanged. Full Story »
Texas Manufacturing Activity Picks Up Pace

Texas Business reports: Texas factory activity increased again in June, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from 11 to 15.5, indicating output grew at a faster pace than in May. 

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Texas Comptroller's Office Study Shows Expensive School Construction Costs

Texas Business reports: An analysis of new school construction costs released by the Texas Comptroller’s office today shows the cost for some campuses varied by nearly $200 per square foot. And though there were different factors for the variances, Texas Comptroller Susan Combs is making policy recommendations to help school districts and taxpayers monitor construction efficiency and compare costs.


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Texas Manufacturing Activity Picks Up Pace

Texas Business reports: Texas factory activity increased again in June, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from 11 to 15.5, indicating output grew at a faster pace than in May. 

 Full Story »
Texas Comptroller's Office Study Shows Expensive School Construction Costs

Texas Business reports: An analysis of new school construction costs released by the Texas Comptroller’s office today shows the cost for some campuses varied by nearly $200 per square foot. And though there were different factors for the variances, Texas Comptroller Susan Combs is making policy recommendations to help school districts and taxpayers monitor construction efficiency and compare costs.


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Slowdown Could Be Ahead for Advanced Economies Outside of U.S.
Texas Business reports: The pace of global growth (excluding the U.S.) remained unchanged in first quarter 2014. Real gross domestic product (GDP) growth in both the advanced economies (ex. U.S.) and emerging economies maintained the same pace as in fourth quarter 2013. However, recent indicators of economic activity point to a slowdown in the advanced economies (ex. U.S.) and an acceleration in the emerging economies.   Full Story »
Texas Manufacturing Grows but at a Slower Pace

Texas Business reports: Texas factory activity increased again in May, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell from 24.7 to 11, indicating output grew but not strongly as in April.

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Cost of Hepatitis Drug Raises Questions About Access

A new treatment for hepatitis C is considered a breakthrough for people with the liver disease. But the high cost of the drug — about $1,000 a pill — has complicated efforts to get the medication to Texans who receive government-subsidized health care.

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Texas Inflation Rates

Texas Business reports: The Trimmed Mean PCE inflation rate for March was an annualized 1.9 percent. According to the BEA, the overall PCE inflation rate for March was 2.3 percent, annualized, while the inflation rate for PCE excluding food and energy was 2.1 percent. 

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Eagle Ford Shale Oil Boom Leaves Poverty In Its Wake

GONZALES – On a chilly February morning, a pickup truck pulls up to a converted gas station near the city’s downtown. Two elderly men, each wearing two jackets against the cold, enter the office of the Gonzales Christian Alliance Ministry. 

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In Power Line Dispute, Rancher Questions Wiggle Room

RHOME — Johnny Vinson is not your typical underdog. At 82, he is a rancher who has sold more land than most rural Texans could imagine owning. And he has plenty left to stand on, including more than 3,500 acres in Wise County that have ample room for dozens of gas wells, grazing cattle, a ranch house and staff living quarters. 

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Old Drilling Logs Help Researchers Map Brackish Water

Daniel Ortuño pulled a small piece of Texas history from a shelf in a building at the University of Texas at Austin. The yellowing piece of paper said that on Dec. 19, 1951, John L. Boyd began drilling a 1,350-foot-deep oil well through 17 layers of shale and limestone in Crockett County in southwest Texas.


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Farmers fighting wind erosion and continued drought

Texas Business reports: COLLEGE STATION – During the first week of April, parts of the North, East, Central and Rolling Plains regions received from 0.5 inch to 2 inches of rain, according the National Weather Service and reports from Texas A&M extension service personnel. 

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Texas Expands Closure of Oyster Harvesting Due to Algae

Texas Business reports: The Texas Department of State Health Services is temporarily closing bays along the Texas coast from Matagorda Bay to Corpus Christi Bay to the harvesting of oysters, clams and mussels because of elevated levels of an algae that can produce a toxin in some shellfish. DSHS previously closed the Galveston Bay system to harvesting effective March 13 for the same reason. Commercial and recreational harvesters should not harvest oysters, clams or mussels from these areas until further notice. 

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Regulations Could Harm Texas' Bid for Tesla Plant

Gov. Rick Perry, far from shy in his efforts to reel in jobs from other states — especially California — often declares Texas “wide open for business.” 

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Arming U.S. Agents in Mexico Stalling Trade Agreement

LAREDO — Call it one of the most heralded binational agreements between the United States and Mexico you have probably never heard of.

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Immigrant entrepreneurs contribute significantly to Texas’ economy.

From 2006 to 2010, there were 256,849 new immigrant business owners in Texas, and in 2010, 24.9 percent of all business owners in Texas were foreign-born. Furthermore, from 2007 to 2010, immigrants in Texas founded around 31.3 percent—almost one in three—of all new businesses in the state.

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Texas Comptroller Office Distributes $553 Million in Monthly Sales Tax Revenue to Local Governments

Texas Business reports: AUSTIN--The Texas Comptroller's Office announced that state sales tax revenue in February was $2.2 billion, up 5.8 percent compared to February 2013. 

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Cotton acres expected to be way up over 2013

Texas Business reports:  COLLEGE STATION – From all indications, 2014 Texas cotton plantings will be a double-digit percentage increase over those in 2013, according to a Texas A&M extension service agronomist. 

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Most peaches, other fruits, probably not damaged by freeze

Texas Business reports: COLLEGE STATION – The buds of many peach and other fruit trees were not open enough to be damaged by the latest cold front that stormed through Texas, according to a Texas A&M extension service expert. 

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