U.S. Regional Economic Outlook Q2-2022

Can’t fight this feeling of uncertainty.
Q2 2022 expectations by region. See Q2 expectations image description for more details.
Bar chart showing the difference between the expectations and present conditions components of the Conference Board’s Consumer Confidence Index. The chart shows this data for the four major regions of the United States. Nationwide, the expectations component is lower than the present conditions components by 80.7 points. It is lower by 79.2 points in the Northeast, 90.6 points in the Midwest, 74.3 points in the South, and 70.4 points in the West.
Northeast real gross domestic product (GDP) bar chart. See Northeast GDP image description for more details.
Bar chart showing the Northeast’s year-over-year (YoY) Gross Domestic Product (GDP) growth ranging from 0.15 percent in Q1-2020 to a low of -10.8 percent in Q2-2020, a high of 12.0 percent in Q2-2021, and the latest reading of 3.5 percent in Q1-2022. The bar chart is combined with a line chart showing national YoY GDP growth ranging from 0.6 percent in Q1-2020 to a low of -9.1 percent in Q2-2020, a high of 12.2 percent in Q2-2021, and the latest reading of 3.5 percent in Q1-2022. YoY growth is forecast to reach 1.3 percent in Q2-2022 and 1.1 percent in Q3-2022 for the Northeast. National growth is also forecast at 1.3 percent in Q2-2022 and 1.1 percent in Q3-2022. Northeast YoY GDP growth is forecast to be -0.1 percent in Q4-2022 and 1.9 percent in Q4-2023. National GDP growth is also forecast to be -0.1 percent in Q4-2022 and 1.9 percent in Q4-2023.
South real gross domestic product (GDP) bar chart. See South GDP image description for more details.
Bar chart showing the South’s year-over-year (YoY) Gross Domestic Product (GDP) growth ranging from 0.6 percent in Q1-2020 to a low of -8.4 percent in Q2-2020, a high of 11.5 percent in Q2-2021, and the latest reading of 3.7 percent in Q1-2022. The bar chart is combined with a line chart showing national YoY GDP growth ranging from 0.6 in Q1-2020 to a low of -9.1 percent in Q2-2020, a high of 12.2 percent in Q2-2021, and the latest reading of 3.5 percent in Q1-2022. YoY growth is forecast to reach 1.5 percent in Q2-2022 and 1.3 percent in Q3-2022 for the South. National growth is forecast at 1.3 percent in Q2-2022 and 1.1 percent in Q3-2022. South YoY GDP growth is forecast to be 0.1 percent in Q4-2022 and 2.0 percent in Q4-2023. National GDP growth is forecast to be -0.1 percent in Q4-2022 and 1.9 percent in Q4-2023.
Midwest real gross domestic product (GDP) bar chart.  See Midwest GDP image description.
Bar chart showing the Midwest’s year-over-year (YoY) Gross Domestic Product (GDP) growth ranging from -0.1 percent in Q1-2020 to a low of -9.7 percent in Q2-2020, a high of 12.3 percent in Q2-2021, and the latest reading of 2.0 percent in Q1-2022. The bar chart is combined with a line chart showing national YoY GDP growth ranging from 0.6 percent in Q1-2020 to a low of -9.1 percent in Q2-2020, a high of 12.2 percent in Q2-2021, and the latest reading of 3.5 percent in Q1-2022. YoY growth is forecast to reach 0.7 percent in Q2-2022 and 0.6 percent in Q3-2022 for the Midwest. National growth is forecast at 1.3 percent in Q2-2022 and 1.1 percent in Q3-2022. The Midwest’s YoY GDP growth is forecast to be -0.2 percent in Q4-2022 and 1.8 percent in Q4-2023. National GDP growth is forecast to be -0.1 percent in Q4-2022 and 1.9 percent in Q4-2023.


West real gross domestic product (GDP) bar chart. See West GDP image description for more details..
Bar chart showing the West’s year-over-year (YoY) Gross Domestic Product (GDP) growth ranging from 1.6 percent in Q1-2020 to a low of -8.1 percent in Q2-2020, a high of 13.3 percent in Q2-2021, and the latest reading of 4.4 percent in Q1-2022. The bar chart is combined with a line chart showing national YoY GDP growth ranging from 0.6 percent in Q1-2020 to a low of -9.1 percent in Q2-2020, a high of 12.2 percent in Q2-2021, and the latest reading of 3.5 percent in Q1-2022. YoY growth is forecast to reach 1.7 percent in Q2-2022 and 1.2 percent in Q3-2022 for the West. National growth is forecast at 1.3 percent in Q2-2022 and 1.1 percent in Q3-2022. The West’s YoY GDP growth is forecast to be 0.1 percent in Q4-2022 and 1.9 percent in Q4-2023. National GDP growth is forecast to be -0.1 percent in Q4-2022 and 1.9 percent in Q4-2023.