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VOL. 129 | NO. 154 | Friday, August 8, 2014

Mississippi Consumer Spending Grows Slowest in Nation

JEFF AMY | Associated Press

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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 This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 69 69 21,228
MORTGAGES 57 57 24,842
FORECLOSURE NOTICES 0 0 8,703
BUILDING PERMITS 0 0 43,347
BANKRUPTCIES 0 0 14,194
BUSINESS LICENSES 12 12 6,503
UTILITY CONNECTIONS 0 0 13,678
MARRIAGE LICENSES 19 19 5,177

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