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U.S. Real GDP in the second Quarter 2019 Increased for all 50 states

November 7, 2019

Real GDP in the second quarter of 2019 increased for all 50 states and the District of Columbia. According to the U.S. Bureau of Economic Analysis (BEA), “the percent change in real GDP in the second quarter ranged from 4.7 percent in Texas to 0.5 percent in Hawaii.”

The BEA also noted that, “professional, scientific, and technical services; government; real estate and rental and leasing; and mining were the leading contributors to the increase in real GDP nationally. Mining increased 23.5 percent for the nation and was the leading contributor to the increases in Texas, Wyoming, Alaska, and New Mexico—the fastest growing states.”

The following highlights were made by the BEA

  • Nationally, Professional, Scientific, and Technical Services increased 7.4 percent.
  • Government contributed to growth in 50 states by increasing 3.1%, while real estate and rental and leasing increased 2.6 percent for the nation contributing to growth in all 49 states and the District of Columbia.
  • For the nation, real GDP for wholesale trade fell 6.7%. This industry subtracted from growth in all 50 states and the District of Columbia, thereby being the leading contributor to the three slowest growing states: Hawaii, Maine, and New Jersey.

Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

2020-01-13T13:22:38-05:00