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Joseph Politano reports that new GDP by State data reveals economic growth in 44 U.S. states over the last year.
According to Politano, New York, Idaho, California, Florida, and Nebraska led with the fastest growth rates, while the District of Columbia, North Dakota, Maryland, New Mexico, and Alaska saw the slowest economic performance.
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Politano has recently highlighted that U.S. office construction activity fell to its lowest level since 2011, with activity down nearly 60% since the pandemic. He also reported that information technology firms set a new investment record as net holdings of property, plant, and equipment rose by over $350 billion. These developments provide further context for state-level economic growth trends.