Michigan quarterly gross state product fell to 335.8 billion

March 2, 2010
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Current quarter: Michigan quarterly real gross state product in the third quarter, seasonally adjusted: $335.8 billion at constant 2005 prices.

Previous quarter: Michigan quarterly real gross state product in the second quarter, seasonally adjusted: $336.0 billion at constant 2005 prices.

A year ago: Michigan quarterly gross state product in the third quarter of last year, seasonally adjusted: $354.4 billion at constant 2005 prices.

Growth in quarterly gross state product: Michigan quarterly gross state product, adjusted for seasonal factors, fell at a 0.3 percent annual rate in the third quarter from the previous quarter. Adjusted for seasonal factors, it dropped by a 5.3 percent annual rate in the third quarter from the same quarter a year ago.

National quarterly domestic product: For the nation, real gross domestic product, the national counterpart to gross state product, increased by 2.2 percent in the third quarter to $12,973 billion at constant 2005 prices, seasonally adjusted. 

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