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Slight decline in Colorado GDP

Colorado’s state GDP fell 0.86 percent to $231.89 billion in 2009 from $233.9 billion the previous year, according to the U.S. Bureau of Economic Analysis. The report indicated declines in state GDP, also referred to as gross state product,  for 38 states. The average decline by state was 2.1 percent over that period, making Colorado’s… Continue Reading Slight decline in Colorado GDP

Colo. personal income grows 0.8%

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Personal income in Colorado grew 0.8 percent in the year’s second quarter from the previous quarter, according to a report Monday from the U.S. Bureau of Economic Analysis. That’s one of the lowest rates of growth in the nation. Colorado ranked 45th among the 50 states in the rate of its personal-income growth between the two… Continue Reading Colo. personal income grows 0.8%

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Manufacturing, goods, services soared in July

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Last month, personal income in the nation saw a slight uptick – increasing $30 billion, or 0.2 percent. Disposable personal income also increased 0.2 percent, or $17.6 billion, according to the latest Bureau of Economic Analysis statistics. These are small signs that the economy is continuing its sluggish recovery. During the same month, personal consumption expenditures… Continue Reading Manufacturing, goods, services soared in July

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Springs not on economic ‘hardest hit’ list

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The Bureau of Economic Analysis has ranked the “hardest hit” metropolitan areas in the nation during 2008. Colorado Springs is not on the list, but Grand Junction, with a gross domestic product growth rate of 12.3 percent, claimed the top spot on the list of metropolitan areas with the highest GDP growth in the nation. In all… Continue Reading Springs not on economic ‘hardest hit’ list

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Personal income growth fell sharply from 2007 to 2008 in 322 of the nation’s 366 metropolitan statistical areas, including Colorado Springs.  The Bureau of Economic Analysis says growth increased in 42 MSAs and was unchanged in two. On average, MSA personal income grew 3.3 percent during 2008, down from 6 percent during 2007. Personal income growth in the Colorado… Continue Reading Income growth slows locally, nationally

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Personal income and saving dip

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Americans are making less and saving less but spending more. During June, personal income decreased $159.8 billion (1.3 percent) and disposable personal income decreased $143.8 billion (1.3 percent), as personal consumption expenditures increased $41.4 billion (0.4 percent). These numbers are revised estimates from the statistics released July 31 by the Bureau of Economic Analysis. In contrast,… Continue Reading Personal income and saving dip

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Personal income increases during April

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Despite the recession, April was a good month for personal income in the United States. This morning, the Bureau of Economic Analysis released statistics which show that personal income increased $58.2 billion, or 0.5 percent, during April, while disposable personal income increased $121.8 billion, or 1.1 percent. Simultaneously, personal consumption expenditures decreased $5.4 billion, or… Continue Reading Personal income increases during April

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