The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:
Average state personal income growth slowed to 3.5 percent in 2012 from 5.2 percent in 2011, according to estimates released today by the U.S. Bureau of Economic Analysis. State personal income growth ranged from -0.2 percent in South Dakota to 12.4 percent in North Dakota. Inflation, as measured by the national price index for personal consumption expenditures, fell to 1.8 percent in 2012 from 2.4 percent in 2011.
The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/regional/spi/s ... elease.htm