Date: September 25, 2019
In the second quarter 2019, state personal income rose 5.4% at an annual rate relative to a 6.2% increase in the first quarter according to estimates released by Bureau of Economic Analysis (BEA). The BEA also noted, “the percent change in personal income across all states ranged from 7.5% in Texas to unchanged in North Dakota.”
Earnings climbed 4.4% in the second quarter of 2019, after rising 8.1% in the first quarter.
The leading contributors to the nation’s overall growth in earnings were professional, scientific, and technical services; finance and insurance; and state and local government.
In the second quarter of 2019, property income rose 8% for the nation after falling 4.6% in the first quarter. Moreover, in every state, property income climbed ranging from 10.5% in Utah and New York to 4.7% in Alaska.
Transfer receipts rose 6.1% for the nation in the second quarter of 2019, versus a 15.4% increase in the previous quarter. Furthermore, transfer receipts increased ranging from 10.6% in Alaska to 0.1% in Connecticut.
Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.