Journal Article

Another strong year for the Eleventh District

Abstract: The Eleventh District marked its eighth year of economic expansion in 1994. Employment grew strongly in all three Eleventh District states- Louisiana, New Mexico, and Texas. Although the past prominence of the oil and gas sector is well-known, in 1994 the region prospered despite continued declines in the energy industry. A robust U.S. economy stimulated demand for District manufacturing and service industries, which helped drive the economy. ; Fiona Sigalla surveys the 1994 performance of the Eleventh District economy and finds that a favorable business climate and expanding trade in goods and services to Mexico helped the Eleventh District grow faster than the nation. While slower economic growth in the United States and uncertainty in Mexico will be drags on the District economy in the year ahead, 1995 should be another good year for District states.

Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Economic and Financial Policy Review

Publication Date: 1995

Issue: Q I

Pages: 31-40