CBIA Response to Second Quarter 2025 GDP Report 

The state’s largest business organization issued the following response to today’s release of the 2025 second quarter gross domestic product report. 

“Connecticut is certainly navigating the volatility and uncertainty over the first six months of the year better than most states,” CBIA president and CEO Chris DiPentima said. 

“Connecticut’s second quarter GDP growth led the New England region and was the 10^th strongest in the country. 

“Personal income also increased 6.3% for the quarter in Connecticut, 15^th best of all states, with the region seeing a 6.2% increase and the U.S. up 5.5%. 

“Nonetheless, we must pay close attention to signals of a softening in the economy, particularly with the weakening in the jobs market and ongoing labor force losses.  

“Key industries, including manufacturing and finance and insurance, posted strong second quarter performances—recovering from losses in the first quarter. 

“Other sectors had notable declines, including retail trade—a sign of waning consumer confidence. 

“Businesses thrive on predictability and stability—those remain in short supply, and we expect to see further volatility in the months ahead.” 

CBIA is Connecticut’s largest business organization, with thousands of member companies, small and large, representing a diverse range of industries from every part of the state. For more information, please contact Scott Beaulieu (860.244.1929).