Economy
August 28, 2018
BEA: All Regions Saw Growth in GDP
Written by Peter Wright
U.S. gross domestic product grew in every region of the country in the last quarter of 2017 and the first quarter of 2018, according to Bureau of Economic Analysis data.
The BEA introduced a new data set for GDP by state and region in 2014 and backdated it to Q1 2005. This week, the data was updated through Q1 2018. Even though this data might be considered “old,” we think it’s worth reporting because it’s the foundation for where we are now. The data is published quarterly and is reported in chained 2009 dollars seasonally adjusted. Steel Market Update analyzes the data and reports to subscribers quarterly by region. Data and graphs for an individual state are available on request.
