Comerica's Texas Activity Index cools in March

Comerica Bank's Texas Economic Activity Index fell slightly in March due to temporary declines in residential building permits and exports statewide. The Texas Economic Activity Index consists of seven variables: nonfarm payrolls, exports, sales tax revenues, hotel occupancy rates, continuing claims for unemployment insurance, building permits and Baker Hughes rotary rig count. All data are seasonally adjusted and indexed to a base year of 2008. The index declined 0.9 percentage points to 104.2.… Reported by bizjournals 5 minutes ago.