Perryman: Tyler Economy “Looking Good”
Posted/updated on: January 13, 2012 at 2:09 pm
TYLER Economically, the Tyler area is looking good right now according to internationally known economist Dr. Ray Perryman. The Lindale native delivered his annual economic forecast for the Tyler region, the state, and the country during a Thursday luncheon. Perryman cited the local retail sectors comeback, the amount of commercial development, and the strength of the health care sector. He also remarked that the area is getting a nice boost from the energy sector and seeing growth in the distribution industry. In terms of output, Perryman predicts the Tyler economy will grow at a rate of over 4% cent this year, which he terms very healthy. Perryman added that the Texas economy is doing well too, outperforming the nation by a substantial degree. As for the nation, Perryman says its overall economy is beginning to see a reasonable rate of recovery.
