So far, the Lubbock Economic Index has risen for 30 out of 32 months during the current cycle of recovery.
lubbock economic index
Tuesday, Lubbock National Bank released November 2013 statistics for the Lubbock Economic Index and Consumer Price Index.
The Lubbock Economic Index increased by eight tenths of a percent to 139.0 in November from 138
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The index is higher than it has ever been, and continues to improve.
Despite the economic improvements, payroll employment turned negative in late 2012, though the unemployment rate continues to decrease.
While a slight increase from January 2011 to January 2012 may seem fairly diminutive, it is also the first year-over-year increase in the index since January 2009, according to Lubbock National Bank.
The LEI increased for each of the past three months, and five of the last seven months, according to Lubbock National Bank.
Job creation continues to climb in the Lubbock metro area, and other economic indicators are improving as well.
September's LEI remains the same from August, and the Consumer Price Index shows that prices are continuing to climb.
Some sectors, such as auto sales have improved, and some have declined notably.