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Nevada, Utah, New Hampshire Lead US Economic Growth

June 25, 2021 by Forex Winner Leave a Comment

Nevada, Utah, New Hampshire Lead US Economic Growth

Source: Bureau of Economic Analysis

Nevada posted the biggest economic growth among all the states of the U.S. in the first three months of 2021.

  • Real gross domestic product grew by 10.9% in Nevada, faster than the 2.7% in the fourth quarter and -4.9% in the first quarter of 2020.
  • Utah’s growth came second with 2.9%, from 7.1% the previous quarter and -3.9% in the first quarter last year.
  • New Hampshire came in third with 8.4% from the 3.8% in the fourth quarter and -2.2% in the first quarter 2020.
  • Texas posted the slowest growth among all 50 states with 4.3%. It climbed 7.5% in the fourth quarter, and -6.2% in the first quarter of 2020.
  • Nationally, durable goods manufacturing climbed 15.6% and contributed to growth in 48 states. It was the leading driver in 24 states.
  • Professional, scientified, and technical services grew 11.8% and was the main driver in six states.
  • Information services added to growth in all 50 states with a 14.4% growth nationally.
  • Nondurable goods for the quarter fell 4.2% across the nation.

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