Lubbock economic index posts its first decline - KCBD NewsChannel 11 Lubbock

8/4/10

Lubbock economic index posts its first decline

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LUBBOCK, TX (KCBD) - After three months in positive numbers, the Lubbock economic index posts its first decline. Lubbock national bank released its monthly findings this morning that show a very narrow slip from May to June.

There are several contributing factors including retail spending, a sharp decline in new home construction permits, fewer home sales, and a 6.7 percent unemployment rate.

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