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Another strong year for the Eleventh District

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  • Fiona Sigalla

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.

Suggested Citation

  • Fiona Sigalla, 1995. "Another strong year for the Eleventh District," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q I, pages 31-40.
    • Handle: RePEc:fip:fedder:y:1995:i:qi:p:31-40
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    References listed on IDEAS

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    1. Kelly A. George & Lori L. Taylor, 1995. "The role of merchandise exports to Mexico in the pattern of Texas employment," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q I, pages 22-30.
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    Cited by:

    1. Kelly A. George & Lori L. Taylor, 1995. "The role of merchandise exports to Mexico in the pattern of Texas employment," Economic and Financial Policy Review, Federal Reserve Bank of Dallas, issue Q I, pages 22-30.

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    Keywords

    Federal Reserve District; 11th;

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