Consumer Spending Up In Md. Since Recession
ANNAPOLIS, Md. (AP) — Consumer spending in Maryland rose slowly but steadily in the years after the Great Recession.
The figures come from a report the government released Thursday. For the first time, the report shows consumer spending on a state-by-state basis.
Consumer spending increased about 8 percent from 2009 through 2012, the latest year for which figures are available. The Great Recession officially ended in June 2009.
Spending went up 2 percent in Maryland from 2009 to 2010. It rose 4 percent from 2010 to 2011. Consumer spending climbed about 3 percent in 2011 to 2012.
Maryland was among the highest states in per capita spending for housing and utilities.
Per-person spending in 2012 for Maryland was $40,980. Seven states and the District of Columbia had higher per-person spending in 2012 than Maryland.
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