California's economic pulse barely registered in the first quarter of 2017, increasing just 0.1 percent, according to a new report released Tuesday from the U.S. Bureau of Economic Analysis. California trailed every state west of the Rockies with the exception of Hawaii, which saw a decline of 0.9 percent in state GDP.
When it comes to personal income growth, Californians matched the national average of 1.0 percent for the first quarter of the year, according to a new report released Tuesday by the federal Bureau of Economic Analysis. The national rate is up from 0.3 percent in the fourth quarter of 2016, according to the BEA’s estimates. But for California, it’s been a barely measurable increase from the 0.9 percent growth rate of the previous quarter. Overall, California ranks 29th among the state and the District of Columbia for personal income growth in the first quarter of 2017, based on the BEA’s data.