The Regional Economy
DataNinth District Forecast
Data as of November 30, 2011
Personal Income
Growth in personal income is expected to remain steady. During 2011, personal income growth was positive but slower than in 2010 in all areas except Wisconsin, where the pace of personal income growth increased. In 2012, personal income growth will remain steady on balance, with modest increases in growth rates in Minnesota and South Dakota and decreases in Montana and Wisconsin. The forecast for personal income in North Dakota indicates a decrease during 2012, but this forecast is likely attributed to the volatile nature of farm income. The confidence intervals surrounding the 2011 and 2012 figures are wide for North Dakota, indicating a relatively high degree of uncertainty.
External Links
