The new Dallas Beige Book is out, by Trey Garrison for DallasBlog.com
The new Dallas Beige Book is out, and the economic performance for the last quarter of 2005 was pretty darn solid. Eleventh District economic activity accelerated from mid-November to early January. Energy activity continued to strengthen, although the industry is still cleaning up after the hurricanes. Manufacturing picked up, and demand for business services increased slightly. Construction remained at about the same pace, while most real estate markets improved gradually. Contacts in the financial services industry say credit quality remains good. Dry weather is straining agricultural conditions, but the 2005 cotton crop was one of the largest ever.
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