“Houston’s economy will grow 5.4 percent this year and 4.4 percent in ’20, according to the latest forecast by The Perryman Group. As a result, Houston should add $27.4 billion to its gross regional product this year and another $23.9 billion next year. Real personal income, employment, population, and retail sales also show healthy gains. Inflation remains subdued.
Every sector of Houston’s economy will grow and add jobs, based on the forecast. The largest employment gains are expected to occur in services (35,174), construction (8,017) and manufacturing (5,310). The largest output gains will be in mining, manufacturing and services.” Source: The Perryman Group.