Tracking the Texas Economy

Tracking the Texas Economy

Key Texas Economic Indicators - Text Alternative and Detail

Updated January 27, 2012

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


Consumer Price Index for All Urban Consumers
(Index)

1982-1984 average = 100

Consumer Price Index for All Urban Consumers
Month Consumer Price Index* U.S. Consumer
Price Index
December 2010 198.0 219.2
January 2011 199.3 220.2
February 2011 200.7 221.3
March 2011 203.1 223.5
April 2011 205.0 224.9
May 2011 205.7 226.0
June 2011 204.9 225.7
July 2011 205.0 225.9
August 2011 205.8 226.5
September 2011 206.0 226.9
October 2011 205.1 226.4
November 2011 205.3 226.2
December 2011 204.6 225.7

Change from previous year:
The Texas Consumer Price Index is up 3.0%.
The U.S. Consumer Price Index is up 3.0%.

*average of indices for the Dallas-Fort Worth and Houston metro areas
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
December 2010 81.1 63.4
January 2011 74.4 64.8
February 2011 80.8 72.0
March 2011 61.1 63.8
April 2011 69.5 66.0
May 2011 78.5 61.7
June 2011 75.5 57.6
July 2011 78.9 59.2
August 2011 71.6 45.2
September 2011 69.3 46.4
October 2011 50.4 40.9
November 2011 91.0 55.2
December 2011 70.8 64.5

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

Change from previous year:
West South Central Region is down 12.7%
U.S. is up 1.7%.

Source: The Conference Board

Return to Consumer Confidence GraphView Historical Consumer Confidence Index


Unemployment Rate

Unemployment for Texas and Nationwide
Month Texas
Unemployment
U.S. Unemployment
December 2010 8.3% 9.4%
January 2011 8.3% 9.1%
February 2011 8.2% 9.0%
March 2011 8.1% 8.9%
April 2011 8.0% 9.0%
May 2011 8.0% 9.0%
June 2011 8.2% 9.1%
July 2011 8.4% 9.1%
August 2011 8.5% 9.1%
September 2011 8.5% 9.0%
October 2011 8.4% 8.9%
November 2011 8.1% 8.7%
December 2011 7.8% 8.5%

Change from previous year:
Texas unemployment is down 0.5 points.
U.S. unemployment is down 0.9 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
MonthTexas Nonfarm EmploymentU.S. Nonfarm Employment
December 2010 10.45 130.23
January 2011 10.49 130.32
February 2011 10.49 130.52
March 2011 10.53 130.76
April 2011 10.55 130.97
May 2011 10.56 131.03
June 2011 10.59 131.05
July 2011 10.62 131.17
August 2011 10.59 131.28
September 2011 10.61 131.49
October 2011 10.61 131.60
November 2011 10.63 131.70
December 2011 10.65 131.90

Change from previous year:
Nonfarm employment for Texas is up 2.0%
Nonfarm employment for the U.S. is up 1.3%

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 (in thousands)
State December 2010 December 2011 Change in Jobs Change
California 13,935.8 14,199.0 263.2 1.9%
Texas 10,444.7 10,649.2 204.5 2.0%
New York 8,557.9 8,644.4 86.5 1.0%
Florida 7,177.6 7,291.5 113.9 1.6%
Illinois 5,623.8 5,676.4 52.6 0.9%

Source: U.S. Bureau of Labor Statistics

Return to Nonfarm Employment Comparison Graph


Texas Sales Tax Collections, General Revenue-Related
(in millions)

Texas Sales Tax Collections
Month Texas Sales Tax Collections,
Retail Establishments*
Texas Sales Tax Collections,
Total
December 2010 $967.1 $1,807.9
January 2011 $862.7 $1,828.1
February 2011 $846.5 $1,749.5
March 2011 $808.6 $1,603.8
April 2011 $868.9 $1,866.4
May 2011 $947.1 $1,952.0
June 2011 $836.1 $1,722.6
July 2011 $844.8 $1,859.8
August 2011 $930.0 $1,976.8
September 2011 $811.8 $1,756.1
October 2011 $815.6 $1,874.6
November 2011 $1,003.9 $2,068.8
December 2011 $1,025.5 $1,989.7

*Includes eating and drinking places.

Change from previous year:
The Texas sales tax collections for retail establishments are up 10.1%.
The total Texas sales tax collections are up 6.0%.

Source: Texas Comptroller of Public Accounts

Return to Sales Tax Graph


Texas Building Permits
(units)

Building Permits for Single-Family and Multi-Family Homes in Texas
Month Single-Family
Permits
Multi-Family
Permits
November 2010 4,017 2,204
December 2010 4,193 1,348
January 2011 4,204 947
February 2011 4,237 2,248
March 2011 6,353 2,044
April 2011 5,665 2,548
May 2011 5,694 1,263
June 2011 5,899 3,532
July 2011 5,143 3,206
August 2011 5,957 4,399
September 2011 5,195 1,874
October 2011 4,765 3,340
November 2011 4,528 1,272

Change from previous year:
Single-family permits are up 12.7%.
Multi-family permits are down 42.3%.
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 Sale Price
December 2010 15,808 $150,800
January 2011 10,894 $139,100
February 2011 12,170 $146,100
March 2011 17,537 $144,000
April 2011 18,137 $145,300
May 2011 19,490 $149,700
June 2011 21,762 $154,200
July 2011 19,534 $153,000
August 2011 21,225 $152,900
September 2011 17,571 $148,700
October 2011 15,560 $146,700
November 2011 14,718 $147,000
December 2011 16,505 $150,500

Change from previous year:
Existing home sales are up 4.4%.
Median sales price is down 0.2%.
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 U.S. Industrial
Production
December 2010 92.6
January 2011 92.8
February 2011 92.5
March 2011 93.1
April 2011 92.7
May 2011 93.0
June 2011 93.0
July 2011 94.1
August 2011 94.4
September 2011 94.6
October 2011 95.1
November 2011 94.9
December 2011 95.3

Change from previous year:
U.S. index is up 2.9%.

Source: Federal Reserve Bank

Note: The Federal Reserve Bank of Dallas no longer publishes the Industrial Production Index for Texas.

Return to Industrial Production GraphView Historical Industrial Production by Sector


Leading Economic Indicators Index
(index)

2004 = 100

United States Leading Economic Indicators
MonthU.S. Index
November 2010 112.4
December 2010 112.4
January 2011 112.5
February 2011 113.5
March 2011 114.3
April 2011 114.0
May 2011 114.8
June 2011 115.2
July 2011 115.8
August 2011 116.2
September 2011 116.4
October 2011 117.4
November 2011 118.0

Change from previous year: up 5.0%

Source: The Conference Board

Return to Leading Indicators GraphView Historical Leading Economic Indicators for Texas


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

Contract Value, Non-Residential Building Construction in Texas (billions)
Month Contract Value
December 2010 $2.340
January 2011 $0.983
February 2011 $0.950
March 2011 $1.302
April 2011 $1.605
May 2011 $1.245
June 2011 $1.665
July 2011 $0.930
August 2011 $1.635
September 2011 $0.819
October 2011 $0.674
November 2011 $1.266
December 2011 $0.953

Change from previous year: down 59.3%

Source: McGraw-Hill

Return to Construction Contracts Graph


Mortgage Foreclosures

Mortgage Foreclosures in Texas and United States
Month Texas Foreclosures U.S. Foreclosures
November 2010 13,369 262,339
December 2010 10,772 249,919
January 2011 14,897 261,333
February 2011 11,562 225,101
March 2011 11,018 239,795
April 2011 8,793 219,258
May 2011 9,055 214,927
June 2011 9,341 222,740
July 2011 10,571 212,764
August 2011 10,148 228,098
September 2011 9,872 214,855
October 2011 9,845 230,678
November 2011 10,124 214,394

Change from previous year:
Texas is down 24.3%
U.S. is down 18.3%.

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
December 2010 219.2 221.3 198.3
January 2011 220.2 223.2 200.8
February 2011 221.3 224.0 203.0
March 2011 223.5 225.5 211.0
April 2011 224.9 226.2 216.9
May 2011 226.0 227.1 220.3
June 2011 225.7 227.5 216.9
July 2011 225.9 228.3 216.2
August 2011 226.5 229.5 216.1
September 2011 226.9 230.4 215.2
October 2011 226.4 230.9 212.1
November 2011 226.2 230.7 211.4
December 2011 225.7 231.1 208.6

Change from previous year:
The Overall Consumer Price Index for the U.S. is up 3.0%.
The Food and Beverage Consumer Price Index is up 4.5%.
The Transportation Consumer Price Index is up 5.2%.

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
November 2010 $2.67 $3.06
December 2010 $2.83 $3.18
January 2011 $2.94 $3.34
February 2011 $3.05 $3.53
March 2011 $3.43 $3.84
April 2011 $3.69 $3.99
May 2011 $3.78 $3.98
June 2011 $3.54 $3.88
July 2011 $3.54 $3.86
August 2011 $3.53 $3.82
September 2011 $3.42 $3.77
October 2011 $3.27 $3.73
November 2011 $3.19 $3.86
December 2011 $3.08 $3.76

Change from previous year:
Gasoline prices are up 15.5%
Diesel prices are up 22.9%

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

Annual Totals
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)
2010 $26,044.7 $13,065.1 670 12,141.8 3,698.1 $146,750 $38,797.5 951.2
2009 $18,360.5 $9,471.0 396 11,916.3 3,475.8 $143,750 $34,792.6 949.9
2008 $30,631.3 $23,258.8 903 11,709.7 3,854.0 $145,850 $44,442.4 1,077.0
2007 $21,622.1 $18,858.5 833 11,624.8 3,886.9 $146,450 $48,992.8 1,004.9
2006 $19,657.5 $19,852.1 746 11,372.8 3,731.6 $143,100 $45,756.2 1,280.2


Monthly Totals
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)
10/10 $2,370.7 $1,052.6 717 1,001.6 318.5 $144,700 $3,326 82.4
11/10 $2,415.0 $1,036.0 734 1,031.7 322.2 $146,300 $3,231 79.5
12/10 $2,726.5 $1,310.9 746 1,044.4 308.8 $150,800 $3,265 71.4
01/11 $2,766.9 $1,255.7 736 962.7 314.8 $139,100 $3,226 66.4
02/11 $2,312.2 $1,123.7 747 965.0 304.3 $146,100 $3,266 73.8
03/11 $3,217.2 $1,374.0 748 884.4 284.7 $144,000 $3,974 91.0
04/11 $3,424.3 $1,518.3 789 1,039.3 336.7 $145,300 $3,422 85.2
05/11 $3,377.1 $1,664.7 822 1,006.6 321.3 $149,700 $3,152 85.0
06/11 $3,105.7 $1,622.6 839 1,026.9 322.7 $154,200 $3,810 88.7
07/11 $3,291.0 $1,766.2 858 1,013.5 335.5 $153,000 $3,758 67.1
08/11 $2,921.8 $1,762.3 885 1,016.9 306.2 $152,900 $4,246 83.7
09/11 $2,880.2 $1,635.1 897 1,036.9 341.6 $148,700 $3,887 119.2
10/11 $3,123.4 $1,628.5 914 988.5 327.3 $146,700 $3,812 39.3
11/11 $2,494.2 914 1,018.1 327.6 $147,000 $3,780.1 80.9
12/11 912 989.5 312.5 $150,500

Notes:
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.

Annual numbers for active oil and gas drilling rigs are the median for that calendar year.

Sources:

  • Texas Comptroller of Public Accounts (Crude Oil, Natural Gas, Motor Fuel, Auto Sales, Cigarettes)
  • Baker-Hughes Incorporated (Active Oil & Gas Drilling Rigs)
  • The Real Estate Center at Texas A&M University (Median Sale Price, Existing Single-family Home Sales)

For historical data, see Texas Production and Consumption 1989-2009

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