WASHINGTON – All the personal stories of manufacturers searching for candidates to fill workforce vacancies were substantiated with Tuesday’s report from the US Bureau of Economic Analysis (BEA). America’s real gross domestic product continues to rise, thanks in part to the durable and nondurable goods manufacturing sector.
Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the first quarter of 2018. Information services led the way with a 6.8 percent rise.
Nondurable goods manufacturing increased 3.8 percent nationally. This industry contributed to growth in 46 states and the District of Columbia.
Durable goods manufacturing increased 3.2 percent nationally–the eighth consecutive quarter of growth. This industry was the leading contributor to the increases in real GDP in the Great Lakes states of Indiana, Michigan, and Wisconsin.
Illinois’ GDP rose by 1.4 percent, Indiana’s by 1.3 percent and Wisconsin’s by 1.2 percent. Michigan and Ohio led with 1.6 percent increase.
Real estate and rental and leasing along with information services were the leading contributors to the increase in real GDP nationally and in Washington, the fastest growing state. North Dakota was the only state with a decrease in first quarter real GDP. Mining and construction subtracted the most from growth in this state.
More information about individual states available at BEA website.