Energy, manufacturing drive some state economies

| No Comments | No TrackBacks
In a further sign of  the sluggishness of the economic rebound, gross domestic product slowed in the states, according to a new report. Overall, GDP growth slipped from 3.1 percent in 2010 to 1.5 percent. Led by oil and gas exploration and big gains in manufacturing and construction, states like North Dakota, Oregon and Texas did register impressive increases in gross domestic product, according to figures from the Bureau of Economic Analysis.  But a lack of any significant energy sector as well as high manufacturing costs which held back an industrial rebound hurt states like New Jersey and New York. Below are the five biggest winners and five losers among the states:

state gdp.jpg

No TrackBacks

TrackBack URL: http://www.publicsectorinc.com/cgi-bin/mt/mt-tb.cgi/878

Join the conversation

Related Entries:

Center for State and Local Leadership

PublicSectorInc.org is a project of the Manhattan Institute's Center for State & Local Leadership.
Copyright © 2013 Manhattan Institute for Policy Research, Inc. All rights reserved.
52 Vanderbilt Avenue, New York, N.Y. 10017
phone (212) 599-7000 / fax (212) 599-3494