Comerica Bank’s latest Texas Economic Activity Index shows that the state’s economy continued to grow at a healthy clip in November. The index increased 2.4 percentage points in November to an index level of 109.9, up from an October index reading of 107.5. The index consists of seven variables including nonfarm payrolls, exports, sales tax revenues, hotel occupancy rates, continuing claims for unemployment insurance, building permits and the Baker Hughes rotary rig count. All of the data is indexed to a base year of 2008.
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