Research >> Economics
Personal Income down 0.2%, Spending down 0.6%
Personal income decreased $20.7 billion, or 0.2 percent, and disposable personal income (DPI) decreased $11.8 billion, or 0.1 percent, in November, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $56.1 billion, or 0.6 percent. In October, personal income increased $11.3 billion, or 0.1 percent, DPI increased $16.7 billion, or 0.2 percent, and PCE decreased $102.6 billion, or 1.0 percent, based on revised estimates.
Real disposable income increased 1.0 percent in November, compared with an increase of 0.7 percent in October. Real PCE increased 0.6 percent, in contrast to a decrease of 0.5 percent. The price index for PCE decreased 1.1 percent, compared with a decrease of 0.5 percent.
Posted: December 24, 2008 Wednesday 08:31 AM