Mass Economy Expected to Grow in Third Quarter (MassBenchmarks) - July 31, 2009

Economic activity in Massachusetts is estimated to have declined at a 1.6 percent annualized rate in the second quarter of 2009, according to the MassBenchmarks Current Economic Index. The U.S. Bureau of Economic Analysis reported today that the national economy declined at an estimated annual rate of 1.0 percent during the same period. In the first quarter of this year, the state economy declined at a 4.0 percent rate, as compared to a 5.5 percent rate of decline for the U.S.

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