Austin American-Statesman | Dan Zehr
The recovery of the energy sector has contributed to Texas’ economic growth, according to Dallas Fed.
The energy sector’s continued stabilization, an increase in retail sales and solid demand across a wide spectrum of industries boosted regional economic activity in recent weeks, according to a report Wednesday from the Federal Reserve Bank of Dallas. In its chapter of the Beige Book, an anecdotal survey of the economy compiled every six weeks by the Federal Reserve banks, the Dallas Fed said the economic activity in its district “expanded moderately … with a slight acceleration from the prior reporting period.”
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