2nd GDP Reading Cuts Arkansas Growth In 2018 To 0.9%

The U.S. expansion in the first quarter of 2019 was revised downward 0.1 percentage point to a still robust 3.1%, according to the U.S. Bureau of Economic Analysis “second” estimate released Thursday. However, Arkansas’ GDP reading received another lower revision from 1.5% to 0.9% for 2018.

Entering 2019, the nation’s economy benefitted from an upturn in state and local government spending and a spike in private business investment and exports, but saw a slowdown in housing purchases and U.S. goods sold abroad, BEA data shows.    MORE

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