Real Estate and Rental and Leasing Led Growth Across States in the First Quarter
Real gross domestic product (GDP) increased in 43 states and the District of Columbia in the first quarter of 2017, according to statistics on the geographic breakout of GDP released today by the U.S. Bureau of Economic Analysis. Real GDP by state growth in the first quarter ranged from 3.9 percent in Texas to -4.0 percent in Nebraska (table 1 and chart 1).
Real estate and rental and leasing; mining; and durable-goods manufacturing were the leading contributors to U.S. economic growth in the first quarter (table 2). Overall growth in real GDP slowed in the first quarter from the fourth quarter of 2016, with finance
From the U.S. Bureau of Economic Analysis