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Thu August 7, 2014
Report Shows Ohio Consumer Spending Less Affected By Great Recession
A new report says Ohio's per capita consumer spending rose 12 percent in the three years after the Great Recession ended in 2009.
The new annual government report released Thursday breaks down consumer spending state by state for the first time. It covered spending from 1997 to 2012, the latest year for which figures are available. The only year Ohio saw a decrease in consumer spending was 2009, when it dropped 1.7 percent. Ohio's post-recession increase was slightly higher than the national average of 10.7 percent. Since the Great Recession ended in 2009, the report shows the greatest consumer spending increases in states that experienced oil and gas drilling booms. In North Dakota, spending jumped 28 percent. Nevada had the weakest consumer spending since 2009, increasing only 3.5 percent.