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State Economy

All articles tagged with #state economy

economy26 days ago•7 min saved

US Q1 2026 GDP rises 2.1% as growth broadens across sectors

BEA reports real GDP grew 2.1% at an annual rate in Q1 2026, driven by investment, exports, government spending, and consumer spending, with imports rising as a subtraction and a modest drag from consumer spending revisions. GDP by industry shows strength in government and private goods-producing sectors, with Washington leading state growth at 4.5% SAAR and South Dakota sliding. Personal income rose 3.4% across states, though Hawaii saw a drop in transfer receipts tied to a Maui wildfire settlement. BEA also announced 2026 annual updates to national and regional accounts will begin on Sept 30, 2026.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|

#bea #economy #gdp

economy3 months ago•8 min saved

Milder Q4 2025 GDP Gain Highlights Consumer Strength Amid Investment Slowdown

BEA’s third estimate shows U.S. real GDP rising 0.5% at an annual rate in Q4 2025, revised down 0.2 percentage point from the second estimate due mainly to weaker investment. Growth was supported by higher consumer spending and investment but weighed down by declines in government spending and exports, with imports also subtracted. Private services-producing activity rose 2.3%, while government (-7.8%) and private goods-producing (-1.8%) fell; wholesale trade, information, and health care and social assistance were key contributors. Real final sales to private domestic purchasers rose 1.8%; real gross output fell 0.5%. Corporate profits climbed about $247 billion in Q4. For 2025 overall, real GDP rose 2.1% and personal income grew 4.9%, with gains across states; Hawaii benefited from Maui wildfire settlement transfers, while DC lagged. The release notes that the October 2025 government shutdown shaved roughly 1.0 percentage point from Q4 growth and that October CPI data were imputed. Next BEA update is April 30, 2026.

via U.S. Bureau of Economic Analysis (BEA) (.gov)|

#bea #economy #gdp

economy9 months ago•3 min saved

Key States Signal U.S. Recession Risks, Experts Warn

The US economy is on the brink of recession, with California and New York playing a crucial role in its future trajectory. Nearly one-third of states are in or at high risk of recession, while the overall economic growth remains fragile amid trade tensions, inflation, and a weakening labor market. The economic outlook hinges on these two large states, which could tip the national economy into a downturn or help it avoid one.

via Fortune|

#california #economy #moodys-analytics