Google Plus Facebook LinkedIn Twitter Vimeo RSS

GDP growth a mixed bag in Central Pa.

By ,
(Photo / )

The U.S. economy continues to expand, but last year offered mixed results for the midstate in terms of growth in gross domestic product.

The U.S. Bureau of Economic Analysis said this week that real GDP growth for U.S. metropolitan areas last year was 1.7 percent, led by growth in professional and business services, information services and finance, insurance, real estate, rental and leasing.

In Central Pennsylvania, the shining stars were Lebanon County and York-Hanover, which came in at 2.5 percent and 2.2 percent GDP growth, respectively. GDP refers to the total value of goods and services produced by an economy over a period of time. Real GDP is adjusted for inflation.

Lebanon County grew by 2 percent in 2015, while York-Hanover was up 0.9 percent, according to the bureau.

Growth was slower in the Harrisburg area and Lancaster County. Lancaster County real GDP was up just 0.3 percent from 2015, while Harrisburg-Carlisle posted a slight decline of 0.1 percent.

Contributing most to Lebanon County's growth last year was non-durable goods manufacturing, along with the natural resources and mining and information sectors.

In York-Hanover, the biggest growth areas were professional and business services, construction and trade.

The bureau reported real GDP growth last year in 267 of the 382 U.S. metro areas. Real GDP shrunk in the remainder.

You May Have Missed...

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jscott@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

Leave a Comment

test

Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy

Comments

KevinWilson October 11, 2017 8:03 am

the GDP growth is increased in this year. According to the EssaysMama reviews, many companies are getting mixed result on GDP growth. The companies are trying to increase their growth by providing good services.

Joseph Blaker September 25, 2017 4:10 am

While itís not as bug-riddled as previous Windows versions, there are nonetheless a series of common problems that have been persistently identified by users of windows 10. To get proper solutions of the issues, take a look at Err Cache Error

close