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Maine economic growth slows in 2nd quarter

File - Early-morning light shines on shops on Main Street, Saturday, June 11, 2022, in Bar Harbor, Maine. Small businesses face a mix of old and new challenges as 2023 begins. A looming recession, still high (although easing) inflation and labor woes are a few things small businesses will have to tackle.
Robert F. Bukaty
/
AP
File - Early-morning light shines on shops on Main Street, Saturday, June 11, 2022, in Bar Harbor, Maine.

Maine's economy saw the slowest growth in New England for the April-to-June quarter. The federal Bureau of Economic Analysis says the state's gross domestic product grew at just a 1.7% annual rate in the 2nd quarter. That was slower than the New England growth rate of 2.2% and the national output of goods and services, which rose at a 3% rate.

The biggest drivers of economic growth in Maine in the quarter were the real estate and health care sectors. The biggest decline in output was reported in the food services and accommodations sector.