State personal consumption expenditures (PCE) increased 3.9 percent in 2019, a deceleration from the 4.9 percent increase in 2018 (table 1), according to statistics released today by the Bureau of Economic Analysis. The percent change in PCE across all states ranged from 5.7 percent in Utah to 1.8 percent in Vermont.
PCE by state highlights
Expenditures on housing and utilities, and on health care grew 4.3 percent and 4.5 percent, respectively (table 2), and were the leading contributors to growth nationally (table 3).
Expenditures on housing and utilities, and on health care contributed to PCE growth across all states and the District of Columbia.
Expenditures on housing and utilities increased 5.1 percent in Utah, the fastest growing state, and was the second leading contributor to