Isabel Brizuela

2 months ago | dallasfed.org | Isabel Brizuela |Emily Kerr |Robert Leigh

Texas companies reported rising service sector revenue and a resumption of production growth in the manufacturing sector after weakness in 2023 and much of 2024, according to the Dallas Fed’s Texas Business Outlook Surveys (TBOS). Additionally, expected changes in the tax and regulatory environment following the election have boosted company outlooks. Texas businesses also raised their expectations for wage and price increases in 2025.

Dec 4, 2024 | dallasfed.org | Robert Leigh |Laila Assanie |Isabel Brizuela

New Mexico is the nation’s second-largest oil and gas producer (behind Texas). It is the home to cutting-edge federal research and houses a busy port of entry through which a growing volume of goods passes from Mexico, the nation’s No. 1 trade partner. Yet, New Mexico’s economy has historically lagged other Southwest economies and the nation.