Monday 20 January 2020
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Texas A&M - 7 days ago

Lone Star GDP fastest-growing in 3Q2019

​WASHINGTON – Texas gross domestic product (GDP) grew 4 percent in third quarter 2019, faster than any other state, according to the U.S. Bureau of Economic Analysis.
​The United States GDP grew 2.9​ percent over the quarter.
The state s third quarter growth rate was lower than the first and second quarters, which were 5.3 and 4.7 percent, respectively.
Nondurable goods manufacturing, retail trade, and professional, scientific, and technical services were the leading contributors to the increase in Texas real GDP, said Real Estate Center Research Economist Dr. Luis Torres. Surprisingly, oil and gas extraction was another top contributor to the growth.
The Real Estate Center has a wealth of economic information online for free.​2020 Texas Housing Economic OutlookTexas employment data​Outlook for the Texas EconomyMonthly Review of the Texas Economy Real Estate Center research library​Source #58; U.S. Bureau of Economic Analysis


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