» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 129 | NO. 154 | Friday, August 08, 2014

Mississippi Consumer Spending Grows Slowest in Nation

JEFF AMY | Associated Press

Print | Front Page | Email this story | Comments ()

JACKSON, Miss. (AP) – Consumer spending grew more slowly in Mississippi than in any other state in 2012, reflecting the state's slow recovery from the recession.

A report released Thursday by the U.S. Commerce Department finds overall personal consumption spending grew 2.5 percent in Mississippi in 2012, compared to 4.1 percent nationwide. With other figures showing Mississippi's economy grew by a brisk 3.5 percent that year, it suggests gains aren't making it to the pockets of residents, or if so, they're not spending that money.

Per-capita spending grew 2.2 percent to $27,406, compared with 3.3 percent growth to $35,498 nationwide. Only Wyoming and Hawaii saw slower growth.

Mississippians spend more than the national average on gasoline, reflecting a rural and car-dependent state. However, they spend less than all other Americans on housing and utilities.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 38 349 15,066
MORTGAGES 111 449 19,779
FORECLOSURE NOTICES 0 58 3,853
BUILDING PERMITS 0 512 35,842
BANKRUPTCIES 62 309 14,343
BUSINESS LICENSES 18 138 5,129
UTILITY CONNECTIONS 69 385 21,817
MARRIAGE LICENSES 13 106 4,663

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.