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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