The personal consumption expenditures index was above 9.7% in 10 states in 2022. Nationally, personal consumption expenditures (PCE), in current dollars, increased 9.2 percent in 2022 after increasing 12.9 percent in 2021. PCE increased in all 50 states and the District of Columbia, with the percent change ranging from 11.8 percent in Idaho to 6.4 […]
Gross Domestic Product Increased at Higher Rate in Second Quarter
U.S. real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the second quarter of 2023 according to the advance estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP had increased 2.0 percent. The GDP result was better than analysts expected and has reduced fears that […]