Fenton
DP Veteran
- Joined
- Nov 17, 2012
- Messages
- 29,771
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- Political Leaning
- Conservative
Texas Booms (+3.9%) as California Flatlines (0.1%); Mining, Manufacturing Drive Growth
https://www.bea.gov/newsreleases/regional/gdp_state/2017/pdf/qgsp0717.pdf
The 3.9 percent growth in Texas was largely driven by the mining industry, which contributed 2.08 points to that 3.9 percent growth.
Manufacturing contributed another 1.15 points (including 0.62 for manufacturing of nondurable goods and 0.53 for durable goods); real estate and rental leasing added 0.43 points; administrative and waste management services added 0.32; government added 0.21; construction added 0.15; transportation and warehousing added 0.15; health care and social assistance added 0.14; accommodation and food services added 0.08; education services added 0.06; arts, entertainment and recreation added 0.02; professional, scientific and technical services added 0.01; and other services except government was flat at 0.00.
I was born and raised in Texas, and I've never seen Houston and the surrounding area's this busy. There's new development and construction in places that have been farmland and cow pastures for decades, and its moving further out West, East, North and South. Thing is, this isnt isolated to Houston. Apparently, as you can see the supply side business friendly principles Texas legislators have employed for years now are clearly not working....:lamo
https://www.bea.gov/newsreleases/regional/gdp_state/2017/pdf/qgsp0717.pdf
The 3.9 percent growth in Texas was largely driven by the mining industry, which contributed 2.08 points to that 3.9 percent growth.
Manufacturing contributed another 1.15 points (including 0.62 for manufacturing of nondurable goods and 0.53 for durable goods); real estate and rental leasing added 0.43 points; administrative and waste management services added 0.32; government added 0.21; construction added 0.15; transportation and warehousing added 0.15; health care and social assistance added 0.14; accommodation and food services added 0.08; education services added 0.06; arts, entertainment and recreation added 0.02; professional, scientific and technical services added 0.01; and other services except government was flat at 0.00.
I was born and raised in Texas, and I've never seen Houston and the surrounding area's this busy. There's new development and construction in places that have been farmland and cow pastures for decades, and its moving further out West, East, North and South. Thing is, this isnt isolated to Houston. Apparently, as you can see the supply side business friendly principles Texas legislators have employed for years now are clearly not working....:lamo