Tracking the Texas Economy

Tracking the Texas Economy

Key Texas Economic Indicators - Text Alternative and Detail

This page contains tabular data that corresponds to the Key Economic Indicator graphs.


Consumer Price Index
(Index)

1982-1984 average = 100

Consumer Price Index in Texas and Nationwide
Month Texas Consumer Price Index United States Consumer Price Index
October 2008 197.5 216.6
September 2008 198.9 218.8
August 2008 197.5 219.1
July 2008 200.0 220.0
June 2008 199.0 218.8
May 2008 194.4 216.6
April 2008 194.6 214.8
March 2008 193.9 213.5
February 2008 192.7 211.7
January 2008 192.0 211.1
December 2007 191.5 210.0
November 2007 191.0 210.2
October 2007 190.3 208.9

Change from previous year:
The Texas Consumer Price Index is up 3.8%.
The United States Consumer Price Index is up 3.7%.

Source: U.S. Bureau of Labor Statistics


Consumer Confidence Index
(Index)

1985 United States Average = 100

Consumer Confidence Index for West-South-Central Region and United States
MonthWest-South-Central Region Index*United States Index
November 2008 63.2 44.9
October 2008 77.0 38.0
September 2008 93.0 61.4
August 2008 92.8 58.5
July 2008 80.0 51.9
June 2008 82.8 51.0
May 2008 82.6 58.1
April 2008 91.3 62.8
March 2008 97.5 65.9
February 2008 106.3 76.4
January 2008 125.3 87.3
December 2007 119.5 90.6
November 2007 122.6 87.8

*Includes Texas, Arkansas, Louisiana and Oklahoma (per source's data groups)

Change from previous year:
West-South-Central States are down 48.5%.
U.S. is down 48.9%.

Source: The Conference Board


Unemployment Rate
(percent)

Unemployment for Texas and Nationwide
Month Texas
Unemployment
United States Unemployment
October 2008 5.6% 6.5%
September 2008 5.1% 6.1%
August 2008 5.0% 6.1%
July 2008 4.7% 5.7%
June 2008 4.4% 5.5%
May 2008 4.5% 5.5%
April 2008 4.1% 5.0%
March 2008 4.3% 5.1%
February 2008 4.1% 4.8%
January 2008 4.3% 4.9%
December 2007 4.2% 5.0%
November 2007 4.2% 4.7%
October 2007 4.3% 4.8%

Change from previous year:
Texas unemployment is up 1.3 points.
United States unemployment is up 1.7 points.

Sources: Texas Workforce Commission, U.S. Bureau of Labor Statistics


Nonfarm Employment
(in millions)

Texas gained 247,900 in the last 12 months, leading the nation.

Nonfarm Employment in Texas
Month Nonfarm Employment (millions)
October 2008 10.67
September 2008 10.64
August 2008 10.65
July 2008 10.64
June 2008 10.61
May 2008 10.57
April 2008 10.56
March 2008 10.54
February 2008 10.50
January 2008 10.49
December 2007 10.47
November 2007 10.45
October 2007 10.44

Change from previous year: up 2.2%

Source: Texas Workforce Commission


State Sales Tax Collections, Retail Establishments
(in millions of dollars)

State Sales Tax Collections
MonthState Sales Tax Collections, Retail Establishments
October 2008 $747.72
September 2008 $776.75
August 2008 $925.80
July 2008 $828.92
June 2008 $858.50
May 2008 $909.40
April 2008 $806.39
March 2008 $812.57
February 2008 $855.78
January 2008 $892.66
December 2007 $973.32
November 2007 $947.08
October 2007 $794.34

Change from previous year: down 5.9%

Includes eating and drinking places.

Source: Texas Comptroller of Public Accounts


Change in Nonfarm Employment
(in thousands of jobs)

Comparing Nonfarm Employment in Five States
State October 2007 October 2008 Jobs Added
(thousands)
Percent Change
Texas 10,435.5 10,665.9 230.4 2.2%
Maryland 2,613.2 2,636.2 23.0 0.9%
Virginia 3,758.0 3,778.6 20.6 0.5%
Oklahoma 1,572.8 1,585.2 12.4 0.8%
Colorado 2,344.1 2,355.6 11.5 0.5%

Source: United States Bureau of Labor Statistics


Housing Permits
(units)

Housing Permits for Single-Family and Multi-Family Homes
Month Single-Family Housing Permits Multi-Family Housing Permits
November 2008 4,998 3,401
October 2008 4,836 4,148
September 2008 6,303 5,608
August 2008 7,363 4,590
July 2008 7,613 3,168
June 2008 7,876 4,687
May 2008 8,442 4,582
April 2008 7,519 5,354
March 2008 7,165 3,291
February 2008 6,375 6,730
January 2008 5,661 5,416
December 2007 6,516 5,064
November 2007 7,960 4,496

Change from previous year:
Single-family permits are down 37.2%.
Multi-family permits are down 24.4%.
See note on percent change data

Source: The Real Estate Center at Texas A&M University


Existing Single-Family Home Sales
(units)

Existing Single Family Home Sales
MonthExisting Single-family Home Sales
October 2008 16,711
September 2008 17,429
August 2008 22,179
July 2008 23,376
June 2008 24,099
May 2008 23,829
April 2008 21,513
March 2008 20,379
February 2008 17,714
January 2008 14,331
December 2007 18,440
November 2007 18,908
October 2007 20,145

Change from previous year: down 17.0%
See note on percent change data

Source: The Real Estate Center at Texas A&M University


Industrial Production Index
(Index)

1987 = 100

Industrial Production Index
MonthIndustrial Production Index
October 2008 143.4
September 2008 144.7
August 2008 144.7
July 2008 146.0
June 2008 145.6
May 2008 144.6
April 2008 143.8
March 2008 143.2
February 2008 143.0
January 2008 141.7
December 2007 141.2
November 2007 140.7
October 2007 140.3

Change from previous year: up 2.2%.

Source: Federal Reserve Bank of Dallas


Leading Economic Indicators Index
(Index)

2004 = 100

Leading Economic Indicators in Texas and the United States
MonthTexas IndexUnited States Index
October 2008   99.6
September 2008 106.6 100.6
August 2008 108.6 100.8
July 2008 108.8 101.2
June 2008 108.8 101.7
May 2008 108.7 102.1
April 2008 108.5 102.0
March 2008 108.2 101.9
February 2008 108.6 101.8
January 2008 109.3 102.1
December 2007 109.0 102.6
November 2007 109.7 102.8
October 2007 109.7 103.2
September 2007 109.3 103.7

Change from previous year:
The leading indicators for Texas are down 2.6%
The leading indicators for the United States are down 3.5%

Source: Texas Comptroller of Public Accounts, The Conference Board


Value of Contracts for Non-Residential Construction
(millions of dollars)

Contract Value, Non-Residential Building Construction
Month Contract Value
September 2008 $3,763.90
August 2008 $1,940.90
July 2008 $1,667.50
June 2008 $2,223.70
May 2008 $1,789.70
April 2008 $1,632.40
March 2008 $1,710.10
February 2008 $1,634.70
January 2008 $8,950.00
December 2007 $1,217.70
November 2007 $1,291.30
October 2007 $1,882.90
September 2007 $1,582.80

Change from previous year: up 137.8%.

Note: In January 2008 a contract was awarded to construct a new refinery in Beaumont, Texas.

Source: McGraw-Hill


Mortgage Foreclosures, Annual Change
(index)

Mortgage Foreclosures, Annual Change in Texas and United States (index)
Month Texas Foreclosures U.S. Foreclosures
October 2008 9,900 279,561
September 2008 9,193 265,968
August 2008 10,868 303,879
July 2008 10,354 272,171
June 2008 11,052 252,363
May 2008 10,063 261,255
April 2008 11,406 243,353
March 2008 10,700 234,685
February 2008 12,261 223,651
January 2008 14,698 233,001
December 2007 12,253 215,749
November 2007 11,599 201,950
October 2007 12,288 224,451

Change from previous year:
Texas is down 19.4%
U.S. is up 24.6%.

Source: RealtyTrac


Web Exclusive Indicators

U.S. Consumer Price Index for All Urban Consumers
(index)

1982-1984 average = 100

Consumer Price Index for Food/Beverages and Transportation Nationwide
Month Overall Consumer
Price Index
Consumer Price Index
Food and Beverages
Consumer Price Index
Transportation
October 2008 216.6 218.7 192.7
September 2008 218.8 217.7 203.9
August 2008 219.1 216.4 206.7
July 2008 220.0 215.3 212.8
June 2008 218.8 213.4 211.8
May 2008 216.6 212.3 205.3
April 2008 214.8 211.4 198.6
March 2008 213.5 209.7 195.2
February 2008 211.7 209.5 190.5
January 2008 211.1 208.8 190.8
December 2007 210.0 206.9 190.0
November 2007 210.2 206.6 190.7
October 2007 208.9 206.1 185.0

Change from previous year:
The Overall Consumer Price Index is up 3.8%.
The Food and Beverage Consumer Price Index is up 6.1%.
The Transportation Consumer Price Index is up 4.2%.

Source: U.S. Bureau of Labor Statistics


Gasoline and Diesel Retail Prices
(dollars)

Average Retail Price of Gasoline and Diesel Fuel in Texas (per gallon)
Month Gasoline Diesel Fuel
November 2008 $1.97 $2.82
October 2008 $2.85 $3.54
September 2008 $3.60 $3.99
August 2008 $3.63 $4.25
July 2008 $3.93 $4.68
June 2008 $3.91 $4.64
May 2008 $3.66 $4.37
April 2008 $3.37 $4.02
March 2008 $3.15 $3.83
February 2008 $2.92 $3.34
January 2008 $2.92 $3.26
December 2007 $2.88 $3.28
November 2007 $2.94 $3.31

Change from previous year:
Gasoline prices are down 32.9%
Diesel prices are down 14.9%.

Source: U.S. Energy Information Administration.


Note: Percent changes on Tracking the Texas Economy graphs and tables are calculated using raw monthly figures. Some of the annual percent changes in the Comptroller’s Economic Outlook are based on annualized figures that show longer-term trends, and therefore may differ.

Texas Production and Consumption Indicators
(Amounts in Millions)

Production and Consumption Indicators
Date Value of Crude Oil Produced
(Millions)
Value of Natural Gas Produced
(Millions)
Active Oil &
Gas Drilling Rigs
Gasoline
(Millions of Taxed Gallons)
Diesel
(Millions of Taxed Gallons)
Median Sales Price Existing Single Family Homes Auto Sales Net Value
(Millions)
Cigarette Packages Taxed
(Millions)
2006 $19,657.47 $19,852.05 746 11,372.8 3,731.6 $143,100.00 $45,756.20 1,280.2
2007 $20,809.07 $24,602.30 834 11,624.8 3,886.9 $147,500.00 $48,500.60 1,085.8
07/07 $1,914.39 $1,944.13 831 978.2 326.3 $152,200.00 $4,368.30 96.2
08/07 $1,888.22 $1,825.02 844 974.3 320.5 $152,700.00 $4,383.80 151.3
09/07 $1,991.12 $1,743.21 837 1,021.1 360.6 $146,900.00 $4,294.20 29.3
10/07 $2,239.82 $2,087.38 842 939.6 315.9 $143,500.00 $4,303.50 96.1
11/07 $2,414.48 $2,143.66 860 1,025.7 371.5 $144,900.00 $3,678.90 92.8
12/07 $2,316.19 $2,298.61 884 965.8 342.4 $147,600.00 $3,828.50 88.2
01/08 $2,451.84 $2,425.07 858 985.8 313.7 $138,800.00 $4,034.00 76.7
02/08 $2,379.28 $2,501.12 866 954.2 343.2 $142,700.00 $3,840.80 80.2
03/08 $2,754.40 $3,089.29 881 940.6 324.1 $147,000.00 $3,940.00 79.1
04/08 $2,823.99 $3,230.15 887 1,010.4 281.1 $147,000.00 $3,957.80 90.5
05/08 $3,434.37 $3,937.63 906 975.8 343.1 $150,700.00 $3,791.70 98.3
06/08 $3,271.30 $4,198.35 923 1,018.3 331.5 $155,000.00 $4,051.00 89.6
07/08 $3,545.53 $4,540.94 920 954.0 321.3 $153,200.00 $4,148.80 93.3
08/08 $3,038.87 $3,289.06 934 982.3 342.5 $151,700.00 $3,829.40 80.9
09/08 $2,707.53 946 1,054.7 248.6 $145,200.00 $3,727.20 88.9
10/08 925 852.3 377.9 $142,300.00 98.6
11/08     899         85.3

Notes:
Crude oil and natural gas figures are net taxable values. Gasoline gallons include gasohol. Auto sale values are calculated from motor vehicle taxes collected on new and used vehicle sales. All figures are not seasonally adjusted, except for industrial production, leading indicators and employment/unemployment. Figures are based on the most recent available data. Annual figures are for calendar years.

Sources:
Crude Oil, Natural Gas, Motor Fuel, Auto Sales, Cigarettes: Texas Comptroller of Public Accounts

Active Oil & Gas Drilling Rigs: Baker-Hughes Incorporated

Median Sale Price, Existing Single-family Home: The Real Estate Center at Texas A&M University

For historical data, see Texas Production and Consumption 1989-2007


Updated December 3, 2008