Maris Research

GDP Decreases in All States and D.C. in the First Quarter of 2020

Share on facebook
Share on facebook
Share on twitter
Share on linkedin

Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia, in the first quarter of 2020 compared to the last quarter of 2019, as a result of the widespread shutdowns across the country due to COVID-19. The U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from -1.3% in Nebraska to -8.2% in New York and Nevada.

Nationwide, real GDP growth decreased to 5.0% in the first quarter of 2020, after an increase of 2.1% in the previous quarter. Accommodation and food services; finance and insurance; healthcare and social assistance; and arts, entertainment, and recreation were the leading contributors to the decline in real GDP in the first quarter of 2020.

Regionally, real GDP growth rates, ranged from -6.6% in Mideast to -2.8% in Southwest in the first quarter of 2020 compared to the last quarter of 2019.

According to the industry statistics, 17 of 22 industry groups contributed to the first quarter decline in real GDP. Of the five industry groups that recorded increases in the first quarter real GDP, agriculture, forestry, fishing,

... continue reading 3rd party author's post at source website

order-1586392_1280

Can't Get Enough Freebies? Subscribe to our Newsletter!

We will send you free research and analysis summarized at the end of each month.

Newsletter Sign up

Top Posts

PLACE HOLDER FOR AD PAGE – SEE 18:– OF VIDEO.€

What is Flywheel?

notes-150587_1280

More Articles.

macromon

Search Results for “rss feed” – Global Macro Monitor

Maybe, just maybe, France will turn out to be the place where the populist tide is turned. – Philip Stephen, FT We concur! Wow!   Here’s a new definition of China Mobile. The pain we took yesterday in Apple was enough to cut the position.  Lucky us.  Not! (click here if video is not available) Posted

Read More »
MC

Forever and a Day (in Stocks)

Something truly rare is happening in markets. This is the biggest report I’ve written since November, maybe the biggest I’ll write this year. There are no memes here. There are no bite-sized “takeaways” or “market calls”. Traders should take the time to carefully study what I’m sharing, then actively monitor the charts on their own

Read More »

Get content like this sent directly to your inbox!

Follow OnceBurned

Share on facebook
Share on twitter
Share on linkedin
Scroll to Top