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Wednesday, November 13 Business

U.S. report: CT economic growth lagged in the spring

The Connecticut economy grew at a sluggish 1 percent rate in the second quarter, the U.S. Bureau of Economic Analysis reported Thursday, trailing most neighboring states and the nation as a whole.

BEA includes the production of goods and services in its estimates of gross domestic product. Texas led the nation with a 4.7 percent surge in GDP between April and June, and New York tops in the east at 1.7 percent.

New Jersey was just behind Maine for the slowest growth regionally at 0.7 percent, with Hawaii last nationally at 0.5 percent.

The report encompassed the first full quarter of Gov. Ned Lamont’s tenure. On Thursday, Lamont released his plan to modernize Connecticut’s transportation infrastructure, which he has made a focal point in reviving the state’s economy.

Alex.Soule@scni.com; 203-842-2545; @casoulman

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