Mississippi economy grows at 1.9 percent rate in late 2015
JACKSON, Miss. (AP) – New figures show Mississippi’s economy grew at a 1.9 percent annual rate from July through September, exactly equal to the national growth rate.
Gross domestic product numbers released Thursday by the federal Bureau of Economic Analysis try to measure all economic output of each state.
Mississippi’s performance slowed from 2015’s second quarter, when the economy grew at a 3.6 percent rate. It improved from 2014’s third quarter, when output shrank at a 0.8 percent rate.
The Magnolia State’s economy was flat in 2014. State economist Darrin Webb has predicted 1 percent growth for 2015.
Agriculture and forestry, non-durable goods manufacturing and retail trade were the biggest drivers of Mississippi growth. Wholesale trade was the worst drag.
Mississippi, which has a roughly $108 billion economy, ranked 32nd for growth among states.