Full text of Bureau of Economic Analysis (BEA) News Releases : State Personal Income: First Quarter 2015, BEA 15-27 : Highlights: State Personal Income: First Quarter 2015

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MONDAY, June 22, 2015

STATE PERSONAL INCOME: FIRST QUARTER 2015

State personal income grew 0.9 percent on average in the first quarter of 2015, after growing 1.1 percent in the
fourth quarter of 2014. Personal income grew in 46 states and growth accelerated in 15 of those states. The fastest growth,
1.3 percent, was in Florida. Personal income fell in four states, with the largest decline, 1.2 percent, in Iowa. The national
price index for personal consumption expenditures, fell 0.5 percent in the first quarter, after falling 0.1 percent in the fourth
quarter.

First Quarter 2015 State Personal Income Growth and Ranks
State
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas

Growth
1.0
1.0
1.0
1.0
1.1
0.9
1.0
1.1
1.0
1.3
1.1
1.1
-0.1
0.7
1.0
-1.2
0.3

Rank
22
18
17
25
12
28
24
15
-1
8
14
47
37
23
50
46

State
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina

Growth
1.2
0.8
1.1
1.0
0.8
1.1
0.7
0.9
1.0
1.2
-0.8
1.0
0.8
1.1
0.4
1.1
1.0

Rank
3
35
10
21
33
7
38
29
20
5
48
19
32
16
44
11
26

State
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

Growth
0.4
1.1
0.4
1.2
1.1
0.7
1.2
-0.8
0.9
0.7
1.2
0.6
1.0
0.8
0.8
0.6
0.4

Rank
43
13
42
4
9
39
6
49
30
36
2
40
27
34
31
41
45

BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and
economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available.
NOTE: State personal income estimates for second quarter 2015 will be released on September 30, 2015.
Contact: Jeannine Aversa or Thomas Dail 202–606–2649

Bureau of Economic Analysis, U.S. Department of Commerce