US report: SC consumer spending up since recession - FOX Carolina 21

US report: SC consumer spending up since recession

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COLUMBIA, SC (AP) -

The federal government's newly released estimate of consumer spending in South Carolina shows residents are spending more since the Great Recession officially ended five years ago.

The figures come from a new report by the U.S. Bureau of Economic Analysis released Thursday. The figures are not adjusted for inflation.

According to the report, per capita personal spending by South Carolina residents rose almost 9 percent between 2007 and 2012, the last year figures were available. Economists say the recession began in late 2007 and ended in mid-2009.

South Carolina's per-person spending increased by 2.5 percent between 2011 and 2012, tied for fifth-lowest increase in the country.

Copyright 2014 The Associated Press. All rights reserved.

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