Midland Economic Indicators

 


Midland MSA Economic Index September 2023
IndustryAugust 2023September 2023% Change
 
Energy107.8108.8+1.0
Construction196.9182.4-14.5
Manufacturing147.5147.3-0.2
Retail127.0126.8-0.2
Financial Services221.7222.3+0.6
Real Estate122.3123.7+1.4
Professional & Business Services123.6124.3+0.7
Health Care111.0110.5-0.5
Hospitality & Tourism153.2153.5+0.3
Other Activity133.9134.9+1.0
Midland Composite117.1117.6+0.5

Note: Industries are not weighted equally in calculating the Industry Composite; see the Appendix for further explanation. The Midland Metropolitan Statistical Area (MSA) includes Midland and Martin counties.  Source: The Perryman Group 


 
Selected Midland Economic Indicators 
Indicator (September 2023)2021202220232022-2023 % Change
Permian Basin Rig Count256343320-6.74%
WTI Oil Price$71.65$84.26$89.43+6.14%
Henry Hub Natural Gas$5.16$7.88$2.64-66.50%
Housing Permits673476N/A
Average Housing Permit Value$206,100$344,900$263,000N/A
Airline Boardings41,13554,31857,3515.58%
Hotel Receipts$8,358,222$12,498,420$11,252,386-9.97%
Employment (Seasonally Adjusted)103,900115,500121,200+4.94%
Unemployment Rate4.57%2.65%2.58%N/A
Midland Index (2021=100)98.8116.1117.0N/A