Maine's economy comes out swinging in first quarter
There’s good news for Maine from the U.S. Bureau of Economic Analysis, which looked at the gross domestic product of the country: The state made it into the top 10 in economic performance for the first quarter of 2016.
According to the report, which was released Wednesday, Maine’s economy produced $58.1 billion in goods and services in the quarter, up from both $55 billion during the same period last year and $57.6 billion for the fourth quarter of 2015.
Notable sectors that contributed to the growth in this year’s first quarter included health care and social assistance, which contributed 0.37%; durable goods manufacturing, which contributed 0.41%; finance and insurance, which contributed 0.26%; and construction, which contributed 0.53% in growth during the quarter.
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