-
Tenth District Energy Activity Expands Slightly
Tenth District energy activity expanded slightly in the second quarter of 2019, as indicated by firms contacted between June 17th and June 28th, 2019 (Tables 1 & 2). The drilling and business activity index increased from 0 to 7, indicating a modest expansion following flat activity in Q1 2019 (Chart 1). The delivery time index rose and the wages and benefits index also remained positive. However, the employment index was flat, and the revenues, profits, and access to credit indexes decreased. Most year-over-year indexes decreased moderately. The year-over-year drilling and business activity index fell from 17 to -11. ... (full story)