Midland Economic Indicators

 


Midland MSA Economic Index February 2021
Industry

February 2021

March 2021

% Change
 

Energy 73.6 76.4

+2.8

Construction 123.8 173.6

+49.8

Manufacturing 92.6 92.0 -0.6
Retail 125.4 126.4 +1.0
Finacial Services 191.7 190.4 -1.3
Real Estate 145.0 143.8 -1.2
Professional & Business Services 96.8 96.9 +0.1
Health Care 96.2 94.3 -1.9
Hospitality & Tourism 131.4 134.9 +3.5
Other Activity 113.9 114.2 +0.3
Midland Composite 83.9 86.8 +2.9

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 


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Selected Midland Economic Indicators  
Indicator (March 2021)

2019

2020

2021

2020-21 % Change
Permian Basin Rig Count 462 405

215

-49.91%
WTI Oil Price $58.15 $29.21

$62.33

+113.39%
Henry Hub Natural Gas $2.95 $1.79 $2.62 +46.37
Housing Permits 125 158 79 -50.00%
Average Housing Permit Value $201,800 $178,500 $208,600 +16.86%
Housing Listings 320 726 735 +1.24%
Median Housing Listing Price $300,000 $315,000 $295,000 -6.35%
Airline Boardings 47,270 47,009 22,899 -51.29%
Hotel Receipts $12,448,217 $8,171,677 $8,153,308 -0.22%
Employment (Seasonally Adjusted) 113,600 113,500 95,300 -16.04%
Unemployment Rate 2.07% 3.37% 7.64% +126.75%
Midland Index (2021=100) 116.1 105.2 86.8 -17.52%