Personal Income Growth Slows Nationwide

Iowa and Nebraska were the only states to post declines in personal incomes in the second quarter of 1990, although income growth slowed throughout the nation, the Commerce Department said today.

A study by the department’s Bureau of Economic Analysis showed personal income for the nation grew 1.3%, down from 2.1% in the first quarter.

The slowdown in income growth mirrored the economy as a whole. The department reported earlier that the gross national product--the nation’s total output of goods and services--slowed from 1.7% in the first quarter to 0.4% in the second.

Personal incomes dropped 2.3% in Iowa and 0.4% in Nebraska. By region, the Plains states posted the slowest growth--0.3%, compared to 1.9% in the first quarter.

The Far West, Great Lakes and Rocky Mountain regions each recorded 1.6% gains. But the Far West growth was down from 3.2% in the January-March period, the Great Lakes was unchanged and the Rocky Mountain region up from 1.4%.

Personal incomes grew 1.3% in both the Mideast and the Southwest, both of which had advanced 1.7% in the first quarter. They increased 1.2% in the Southeast, down from 2.7% from January through March. New England’s income growth was unchanged at 0.9%.