NH economy steams past rest of regionStaff report
November 22. 2017 10:11PM
CONCORD — New Hampshire’s economy has surged ahead of the rest of New England, according to national data released this week.
The New Hampshire Department of Business and Economic Affairs announced the news in a release Thursday touting the economic health of the region’s third-largest economy.
New Hampshire’s economic activity expanded by 2.9 percent between the first and second quarters, ahead of the other five New England states, according to data from the U.S. Commerce Department’s Bureau of Economic Analysis.
In comparison, the region’s largest economy, Massachusetts, grew by 2.0 percent, state officials reported.
New Hampshire’s economic growth also surpassed New York and Connecticut, which experienced a 1.2 and 1.4 percent change in real gross domestic product, respectively, the release said.
“Through a combination of deliberate strategies around workforce development, corporate tax rate reductions, infrastructure investments, regulatory reform, and deeper statewide collaboration, this data shows our efforts are paying off,” said Taylor Caswell, commissioner of the New Hampshire Department of Business and Economic Affairs, in a statement.
The full press release and tables from the U.S. Commerce Department's Bureau of Economic Analysis can be viewed below: