Recent Updates
- UK Regional: E.SURV HPI by Region and London Borough (Nov)
- UK: Rightmove HPI (Jan), E.SURV HPI (Dec)
- Mexico: Manufacturing Employment (Nov)
- Brazil: Economic Activity (Nov)
- Japan: NCI Economic Activity Index (Jan)
- more updates...
Economy in Brief
U.S. Retail Sales Continue to Fall During December as COVID-19 Cases Increase
Total retail sales declined 0.7% (+2.9% y/y) during December...
Empire State Manufacturing Index Declines in January
The Empire State Manufacturing Index of General Business Conditions decreased to 3.5 in January...
U.S. Industrial Production Continues Recovery
Industrial production advanced 1.6% in December...
U.S. PPI Rose 0.3% in December
The Producer Price Index for final demand rose 0.3% (0.8% y/y) in December...
U.S. Business Inventories Accumulate during November as Sales Weaken
Total business inventories increased 0.5% during November (-3.2% y/y)...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Charles Steindel December 19, 2019
The patter of state personal income growth in the third quarter of 2019 was heavily affected by large gains in farm income. Aggregate income in the Great Plains state grew quite rapidly that quarter, with Iowa, Nebraska, and the two Dakotas all experiencing annual rates of growth above 10 percent. In contrast, two energy-intensive states-West Virginia and Wyoming had growth rate under 2 percent.
The range of growth was narrower among states less dependent on agriculture and energy extraction, and closer to the national figure of 3.8 percent. Growth in the Northeast, though, trailed other regions, with income in New York growing at a modest 2.1 percent annual rateāmuch less than growth in Florida, Texas, and California. In general, job growth has been slower in the Northeast than in much of the rest of the nation, and with no marked kick from farm income, aggregate income growth also lagged.