Tuesday, June 11, 2013

Surprise: Oil and gas drove Texas’ real GDP growth in 2012 via Biz Beat Blog

Despite the housing recovery, it was the stalwart oil and gas industry that drove the economies of the fastest-growing states, including Texas, last year.

Texas’ real gross domestic product — the total value of all economic activity adjusted for inflation — increased 4.8 percent in 2012, according to new statistics from the U.S. Bureau of Economic Analysis. The state ranked No. 2 nationally.

Read more...Surprise: Oil and gas drove Texas’ real GDP growth in 2012 | Biz Beat Blog

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