State personal consumption expenditures (PCE) decreased 2.6 percent in 2020 after increasing 3.7 percent in 2019 (table 1), according to statistics released today by the U.S. Bureau of Economic Analysis (BEA). The percent change in PCE across all 50 states and the District of Columbia ranged from 1.2 percent in Idaho and Utah to –5.8 percent in the District of Columbia.
PCE by state highlights
Expenditures on food services and accommodations, recreation services, and health care were the leading contributors to the decrease nationally (table 3).
Food services and accommodations decreased 20.5 percent nationally (table 2) and was the largest contributor to decreases in the District of Columbia and 27 states including Hawaii and New York; it was the second largest contributor toRead More »