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Texas makes big gains in consumer spending growth

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By The Associated Press

The federal government for the first time has issued consumer spending data that shows individual states' recovery from the Great Recession. A Commerce Department report shows Texas made one of the biggest gains in the U.S. in consumer spending growth. Here are some highlights from Texas:

Personal consumption expenditures grew 128 percent from 1997-2012, compared to 111 percent nationally.

Second-lowest per capita spending on housing, utilities in U.S.

Personal income grew 1.3 percent in the first quarter of 2014, compared to 0.8 percent nationally.

Payroll employment grew 21.9 percent, compared to 4.8 percent nationally from December 1999 to December 2013.

Per capita personal expenditures up 4.1 percent between 2011-2012, ranks third in the nation.

Source:

U.S. Commerce Department.

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 This material may not be published, broadcast, rewritten or redistributed.

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