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Sixteen of the 18 manufacturing industries anticipated revenue improvement. They predicted that capital expenditures would increase 5.2% year-on-year, compared to a 5.6% rise reported for 2024.
Infrastructure growth to and around the ports has had a “rippling effect from transportation to engineering and manufacturing.” The US LNG industry, led by Texas, “contributes a whopping $43 ...
The additional 1,400 upstream jobs for October brought the total jobs in the industry to 196,100. All new upstream jobs were in the services sector last month, the Texas Independent Producers and ...
Texas counties by GDP in 2021 (chained 2012 US$) The economy of the State of Texas is the second largest by GDP in the United States after that of California. It has a gross state product of $2.694 trillion as of 2023. [7] In 2022, Texas led the nation with the most companies in the Fortune 500 with 53 in total. [8]
The economy of Houston is based primarily on the energy industry, particularly oil.However, health care, biomedical research, and aerospace also constitute large sectors. In 2021, the gross domestic product (GDP) of the Houston–The Woodlands–Sugar Land metropolitan statistical area (MSA) was 537 U.S. dollars billion, the fourth-largest of any metro area in the United States. [1]
The new manufacturing economy integrates networks, 3D printers and other proficiencies into business strategies to further develop manufacturing practices. [ 2 ] Thomas Friedman references Lawrence F. Katz that hubs of "universities, high-tech manufacturers, software/service providers and highly nimble start-ups" [ 3 ] are a needed economic ...
An industry leader in the Permian Basin said the new report proves safety regulations are helping. Other observers say more data is needed to understand risks of extraction. Texas leads the nation ...
The U.S. manufacturing industry employed 12.35 million people in December 2016 and 12.56 million in December 2017, an increase of 207,000 or 1.7%. [3] Historically, manufacturing has provided relatively well-paid blue-collar jobs, although this has been affected by globalization and automation.