Archive for December, 2013



State Personal Income: Third Quarter 2013

spi_1State personal income growth slowed slightly to 1.1 percent in the third quarter of 2013, from 1.2 percent in the second quarter. Growth slowed in 25 states, accelerated in 22, and was unchanged in 3 states and the District of Columbia. Growth across states ranged from 0.4 percent in New Mexico to 1.9 percent in Mississippi. The national price index for personal consumption expenditures increased 0.5 percent in the third quarter after remaining unchanged in the second quarter.spi_2

For more information on state personal income, see the full report.

Travel and Tourism Spending Decelerated in the Third Quarter of 2013

Real spending on travel and tourism decelerated in the third quarter of 2013, increasing at an annual rate of 2.5 percent after increasing 3.5 percent (revised) in the second quarter of 2013.

Real Tourism Spending.  Real spending on “passenger air transportation” continued to decelerate, increasing 6.2 percent in the third quarter after increasing 14.8 percent in the second quarter.  Real spending on “food services and drinking places” turned down, decreasing 0.7 percent in the third quarter after increasing 0.8 percent in the second quarter.ttsa_1

Tourism Prices.  Prices for “all other transportation-related commodities” turned up, increasing 9.5 percent in the third quarter after decreasing 12.6 percent in the second quarter, reflecting an upturn in the price of gasoline, which increased during the summer travel season.  Prices for “passenger air transportation” turned up, increasing 5.8 percent in the third quarter after decreasing 8.5 percent in the second quarter.ttsa_2

Tourism Employment.  Employment in the travel and tourism industries decelerated in the third quarter, increasing 1.3 percent after increasing 2.8 percent in the second quarter.  The primary contributors to the deceleration in employment were a downturn in “traveler accommodations” and a deceleration in “food services and drinking places.”ttsa_3

To learn more, read the full report.