Mississippi Economy Grows 3.4 Percent in Third Quarter 2016

(Jackson, MS)- New Figures show Mississippi’s economy grew at a 3.4 percent annual rate from July through September, just short of the national growth rate. Gross domestic product numbers released last week by the federal Bureau of Economic Analysis try to measure all economic output of each state. Mississippi’s performance picked up from 2016’s second quarter, when the economy grew at a 1.1 percent rate. It was below 2015’s third quarter, when output rose at a 3.7 percent rate. Uitilities, durable goods manufacturing and finance and insurance were the biggest drivers of Mississippi growth. Mississippi, which has a roughly $110 billion economy, ranked 32nd for growth among states.

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