- Associated Press - Thursday, December 3, 2015

TALLAHASSEE, Fla. (AP) - New data shows Floridians spent more in 2014 as the economy improved.

The Sun Sentinel (https://bit.ly/1jAfZCz ) reports statistics released Tuesday by the U.S. Bureau of Economic Analysis shows Florida outpaced the nation’s annual increase in personal consumption - 4.9 percent compared to 4.2 percent.

The increase in spending stems from many factors including more discretionary income from heightened economic activity and lower gasoline prices. The bureau also reports that goods and services produced in Florida increased 2.7 percent last year compared to 2.2 percent nationally.

The personal spending hike in Florida also exceeded the state’s 3.7 percent increase in 2013.

According to the bureau, only six other states and the District of Columbia saw personal spending hikes at a higher rate.

___

Information from: Sun Sentinel , https://www.sun-sentinel.com/


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide