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CT income rises 0.9 percent in Q2

Connecticut personal income rose 0.9 percent in the second quarter, just under the 1 percent rise in overall income for New England, federal data shows.

The U.S. Bureau of Economic Analysis said Connecticut’s seasonally adjusted growth rate in income outpaced its flat 0.1 percent rise in the first quarter.

Massachusetts also posted a 0.9 percent rise in second-quarter personal income, the BEA said. Maine, New Hampshire and Rhode Island each grew 1 percent, the same as the overall U.S. growth rate in the quarter.

Vermont led New England with a 1.1 percent increase.

Personal income covers, among other things, wages and salaries, and income from rents, dividends and interest.

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Based on income growth for the first half of the year, Connecticut ranks 35th among all states – and the weakest in New England.

No. 16 Vermont is followed by No. 22 New Hampshire, No. 24 Rhode Island, No. 30 Maine, and No. 31 Massachusetts.

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