The Regional Economy
DataNinth District Forecast
Data as of December 21, 2012
Personal Income
The forecast calls for the pace of growth in personal income to pick up somewhat. In 2012, personal income growth dropped from strong 2011 rates in Montana and the Dakotas. Personal income levels actually decreased in South Dakota. Meanwhile, personal income growth increased in Minnesota and Wisconsin after relatively mild growth during 2011. In 2013, personal income will grow faster in Minnesota, South Dakota and Wisconsin compared with 2012. Growth will be positive in Montana and North Dakota, but slightly slower than in 2012. Note that the confidence interval surrounding the North Dakota forecast is relatively wide, indicating a high degree of uncertainty.
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