BEA: R.I. Q2 personal income grew 4% Y/Y

PERSONAL INCOME in Rhode Island increased 2 percent quarter to quarter and 4 percent year over year in the second quarter. / COURTESY BUREAU OF ECONOMIC ANALYSIS
PERSONAL INCOME in Rhode Island increased 2 percent quarter to quarter and 4 percent year over year in the second quarter. / COURTESY BUREAU OF ECONOMIC ANALYSIS
PROVIDENCE – Personal income in Rhode Island increased 4 percent year over year to a seasonal annualized total of $57.8 billion, according to the Bureau of Economic Analysis Friday. Quarter to quarter, the state recorded a 2 percent annualized personal income growth, which the BEA ranked as No. 49 in the nation for growth rate.…

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