Tracking the Texas Economy

Tracking the Texas Economy

Key Texas Economic Indicators - Text Alternative and Detail

Updated August 30, 2010

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
U.S. Consumer
Price Index
July 2009 196.3 215.4
August 2009 196.4 215.8
September 2009 196.8 216.0
October 2009 196.8 216.2
November 2009 196.9 216.3
December 2009 196.3 215.9
January 2010 196.8 216.7
February 2010 197.3 216.7
March 2010 197.6 217.6
April 2010 198.2 218.0
May 2010 198.1 218.2
June 2010 198.3 218.0
July 2010 197.5 218.0

Change from previous year:
The Texas Consumer Price Index is up 0.6%.
The U.S. Consumer Price Index is up 1.2%.

Source: U.S. Bureau of Labor Statistics

Return to Consumer Price Index GraphView Historical Consumer Price Index for Texas


Consumer Confidence Index
(Index)

1985 U.S. Average = 100

Consumer Confidence Index for West-South-Central Region and United States
MonthWest-South-Central
Region Index*
U.S. Index
July 2009 71.0 47.4
August 2009 75.0 54.5
September 2009 82.5 53.4
October 2009 72.9 48.7
November 2008 64.9 50.6
December 2009 72.1 53.6
January 2010 72.3 56.5
February 2010 74.1 46.4
March 2010 74.9 52.3
April 2010 70.7 57.7
May 2010 76.5 62.7
June 2010 66.4 54.3
July 2010 64.8 50.4

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

Change from previous year:
West-South-Central Region is down 8.7%
U.S. is up 6.3%.

Source: The Conference Board

Return to Consumer Confidence GraphView Historical Consumer Confidence Index


Unemployment Rate
(percent)

Unemployment for Texas and Nationwide
Month Texas
Unemployment
U.S. Unemployment
July 2009 7.9% 9.4%
August 2009 8.0% 9.7%
September 2009 8.1% 9.8%
October 2009 8.1% 10.1%
November 2009 8.2% 10.0%
December 2009 8.2% 10.0%
January 2010 8.2% 9.7%
February 2010 8.2% 9.7%
March 2010 8.2% 9.7%
April 2010 8.3% 9.9%
May 2010 8.3% 9.7%
June 2010 8.2% 9.5%
July 2010 8.2% 9.5%

Change from previous year:
Texas unemployment is up up 0.3 points.
U.S. unemployment is up 0.1 points.

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

Return to Unemployment GraphView Historical Unemployment Rates


Texas vs. U.S. Nonfarm Employment
(in millions)

Nonfarm Employment
Month Texas (millions) U.S. (millions)
June 2009 10.29 130.64
July 2009 10.27 130.29
August 2009 10.23 130.08
September 2009 10.21 129.86
October 2009 10.23 129.63
November 2009 10.24 129.70
December 2009 10.22 129.59
January 2010 10.23 129.60
February 2010 10.24 129.64
March 2010 10.28 129.85
April 2010 10.31 130.16
May 2010 10.38 130.59
June 2010 10.40 130.37
July 2010 10.40 130.24

Change from previous year:
Nonfarm employment for Texas is up 1.3%
Nonfarm employment for the U.S. is unchanged.

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

Return to Nonfarm Employment GraphView Historical Nonfarm Employment by Sector


Change in Nonfarm Employment in Most Populous States
(in thousands of jobs)

Comparing Nonfarm Employment in Five Most Populous States
State July 2009 July 2010 Change in Jobs
(thousands)
Percent Change
California 13,978.80 13,874.90 -103.9 -0.7%
Texas 10,265.80 10,400.40 134.6 1.3%
New York 8,581.10 8,529.70 -51.4 -0.6%
Florida 7,236.10 7,238.80 2.7 0.0%
Illinois 5,624.00 5,601.70 -22.3 -0.4%

Source: U.S. Bureau of Labor Statistics

Return to Nonfarm Employment Comparison Graph


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

Texas Sales Tax Collections
MonthTexas Sales Tax Collections,
Retail Establishments
July 2009 $758.86
August 2009 $885.30
September 2009 $731.90
October 2009 $718.90
November 2009 $890.30
December 2009 $920.50
January 2010 $817.30
February 2010 $804.30
March 2010 $757.70
April 2010 $823.30
May 2010 $905.60
June 2010 $802.30
July 2010 $816.20

Change from previous year: up 7.6%

Includes eating and drinking places.

Source: Texas Comptroller of Public Accounts

Return to Sales Tax Graph


Texas Housing Permits
(units)

Housing Permits for Single-Family and Multi-Family Homes in Texas
Month Single-Family
Housing Permits
Multi-Family
Housing Permits
June 2009 6,680 1,399
July 2009 6,930 541
August 2009 6,057 1,314
September 2009 5,549 1,603
October 2009 4,926 200
November 2009 4,473 1,090
December 2009 5,057 989
January 2010 4,864 1,091
February 2010 5,764 420
March 2010 7,776 1,606
April 2010 6,511 1,381
May 2010 5,720 1,522
June 2010 6,027 1,941

Change from previous year:
Single-family permits are down 9.8%.
Multi-family permits are up 38.7%.
See note on percent change data

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

Return to Permits Graph


Existing Single-Family Home Sales in Texas
(units)

Existing Single Family Home Sales in Texas
Month Existing Single-family
Home Sales
Median
Sales Price
July 2009 22,426 $153,300
August 2009 19,840 $150,000
September 2009 18,632 $147,400
October 2009 19,489 $142,700
November 2009 17,988 $142,500
December 2009 16,265 $144,500
January 2010 10,411 $136,900
February 2010 13,259 $141,100
March 2010 19,644 $144,000
April 2010 21,934 $146,700
May 2010 22,723 $148,100
June 2010 21,610 $152,400
July 2010 16,729 $154,400

Change from previous year:
Existing home sales are down 25.4%.
Median sales price is up 0.7%.
See note on percent change data

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

Return to Home Sales Graph


Industrial Production Index
(index)

2007 = 100

Industrial Production Index
Month Texas Industrial
Production
U.S. Industrial
Production
June 2009 111.5 85.5
July 2009 111.3 86.7
August 2009 111.6 87.8
September 2009 112.1 88.4
October 2009 112.1 88.6
November 2009 112.5 89.1
December 2009 112.6 89.6
January 2010 112.7 90.5
February 2010 113.7 90.4
March 2010 114.4 91.0
April 2010 115.2 91.3
May 2010 115.7 92.5
June 2010 115.3 92.5
July 2010   93.4

Change from previous year:
Texas index is up 3.4%
U.S. index is up 7.7%.

Source: Federal Reserve Bank of Dallas

Note: The Federal Reserve Board released its annual revision to the index of industrial production (IP) and the related measures of capacity and capacity utilization on June 25, 2010. In this revision, the base year for the IP index was advanced from 2002 to 2007, which lowered the level of the IP index for most periods.

Return to Industrial Production GraphView Historical Industrial Production by Sector


Leading Economic Indicators Index
(index)

2004 = 100

Leading Economic Indicators in Texas and the United States
MonthTexas IndexU.S. Index
June 2009 103.0 101.1
July 2009 103.3 102.1
August 2009 103.6 102.5
September 2009 104.4 103.7
October 2009 103.8 104.2
November 2009 105.0 105.8
December 2009 105.5 107.2
January 2010 105.6 107.5
February 2010 106.3 108.0
March 2010 106.7 109.5
April 2010 106.5 109.5
May 2010 106.6 110.0
June 2010 106.1 109.7
July 2010   109.8

Change from previous year:
The leading indicators for Texas are up 3.0%
The leading indicators for the U.S. are up 7.5%

Source: Texas Comptroller of Public Accounts, The Conference Board

Return to Leading Indicators GraphView Historical Leading Economic Indicators for Texas


Value of Contracts for Non-Residential Construction in Texas
(billions of dollars)

Contract Value, Non-Residential Building Construction in Texas (billions)
Month Contract Value
July 2009 $1.816
August 2009 $1.213
September 2009 $1.542
October 2009 $1.731
November 2009 $1.108
December 2009 $1.055
January 2010 $1.300
February 2010 $0.758
March 2010 $0.995
April 2010 $1.364
May 2010 $1.343
June 2010 $1.225
July 2010 $0.899

Change from previous year: down 50.5%.

Source: McGraw-Hill

Return to Construction Contracts Graph


Mortgage Foreclosures

Mortgage Foreclosures in Texas and United States (index)
Month Texas Foreclosures U.S. Foreclosures
July 2009 12,077 360,149
August 2009 11,261 358,471
September 2009 13,216 343,638
October 2009 11,798 332,292
November 2009 12,095 306,627
December 2009 13,807 349,519
January 2010 12,225 315,716
February 2010 12,638 308,524
March 2010 15,552 367,056
April 2010 13,133 333,837
May 2010 11,137 322,920
June 2010 12,175 313,841
July 2010 11,727 325,229

Change from previous year:
Texas is down 2.9%
U.S.is down 9.7%.

Source: RealtyTrac

Return to Foreclosures Graph


Web Exclusive Indicators

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

1982-1984 average = 100

United States Consumer Price Index for Food/Beverages and Transportation
Month Overall Consumer
Price Index
Consumer Price Index
Food and Beverages
Consumer Price Index
Transportation
July 2009 215.4 217.6 182.8
August 2009 215.8 217.7 184.4
September 2009 216.0 217.6 183.9
October 2009 216.2 218.0 185.4
November 2009 216.3 217.7 188.6
December 2009 215.9 218.0 188.3
January 2010 216.7 219.2 190.5
February 2010 216.7 219.1 189.6
March 2010 217.6 219.4 192.1
April 2010 218.0 219.5 194.0
May 2010 218.2 219.7 194.8
June 2010 218.0 219.6 192.7
July 2010 218.0 219.5 193.0

Change from previous year:
The Overall Consumer Price Index for the U.S. is up 1.2%.
The Food and Beverage Consumer Price Index is up 0.9%
The Transportation Consumer Price Index is up 5.6%.

Source: U.S. Bureau of Labor Statistics

Return to Urban Consumers U.S. Consumer Price Index Graph


Gasoline and Diesel Retail Prices in Texas
(dollars)

Average Retail Price of Gasoline and Diesel Fuel in Texas (per gallon)
Month Gasoline Diesel Fuel
July 2009 $2.37 $2.50
August 2009 $2.49 $2.59
September 2009 $2.36 $2.55
October 2009 $2.39 $2.61
November 2009 $2.50 $2.74
December 2009 $2.46 $2.70
January 2010 $2.57 $2.81
February 2010 $2.49 $2.75
March 2010 $2.64 $2.88
April 2010 $2.73 $3.02
May 2010 $2.74 $3.03
June 2010 $2.60 $2.89
July 2010 $2.57 $2.86

Change from previous year:
Gasoline prices are up 8.7%
Diesel prices are up 14.7%.

Source: U.S. Energy Information Administration.

Return to Gas Prices Graph


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

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 $45,756.2 1,280.2
2007 $21,622.10 $18,858.50 834 11,624.8 3,886.9 $147,500 $48,500.6 1,004.9
2008 $30,651.80 $24,201.10 892 11,709.7 3,854.0 $145,800 $44,442.4 1,077.0
2009 $18,418.60 $11,542.40 431.5 11,916.3 3,475.8 $143,600 $34,792.60 961.6
05/09 $1,495.10 $833.60 347 989.9 289.8 $149,300 $2,591.10 77.7
06/09 $1,728.30 $911.50 329 1,026.3 291.9 $155,100 $3,111.40 86.5
07/09 $1,633.50 $933.30 342 1,013.6 293.2 $153,300 $3,071.00 80.5
08/09 $1,805.80 $916.70 366 1,025.9 297.6 $150,000 $3,111.00 81.0
09/09 $1,718.00 $786.10 380 1,021.0 292.0 $147,400 $3,357.90 83.0
10/09 $1,954.10 $1,044.90 398 961.1 281.8 $142,700 $2,859.60 80.7
11/09 $1,979.50 $1,163.80 433 991.0 288.4 $142,500 $2,536.50 78.5
12/09 $1,912.30 $1,356.00 470 963.3 267.4 $144,500 $2,813.60 76.6
01/10 $2,029.50 $1,650.40 519 992.8 287.6 $136,900 $2,815.30 69.5
02/10 $1,816.20 $1,427.10 549 945.5 289.6 $141,100 $2,969.20 72.3
03/10 $2,122.60 $1,448.70 593 913.6 273.8 $144,000 $3,356.20 87.2
04/10 $2,218.20 $1,244.30 633 1,032.9 327.8 $146,700 $3,011.30 81.8
05/10 $1,997.50 $1,234.50 647 1,002.8 315.8 $148,100 $2,852.60 75.9
06/10 $1,901.00 663 1,060.4 313.5 $152,400 $3,490.50 81.0
07/10 676 1,028.3 319.0 $154,400

Notes:
NEW – The cigarette packages taxed number was previously based on cigarette tax collections. The cigarette packages taxed number is now based on the number of cigarette tax stamps sold. All historical cigarette package taxed numbers have been revised to reflect this new method.

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 1989-2009

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