Research >> Economics
Personal Income increased 0.1%, Spending up 0.6%
Personal income increased $17.3 billion, or 0.1 percent, and disposable personal income (DPI) increased $12.9 billion, or 0.1 percent, in September, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $68.7 billion, or 0.6 percent. In August, personal income decreased $13.6 billion, or 0.1 percent, DPI decreased $12.8 billion, or 0.1 percent, and PCE increased $24.2 billion, or 0.2 percent, based on revised estimates.
Real disposable income decreased 0.1 percent in September, compared with a decrease of 0.4 percent in August. Real PCE increased 0.5 percent, compared with a decrease of less than 0.1 percent.
Posted: October 28, 2011 Friday 08:30 AM