Research >> Economics
Personal Income increased less than 0.1%, Spending increased 0.4%
Personal income increased $2.3 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $3.8 billion, or less than 0.1 percent, in December according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $44.1 billion, or 0.4 percent. In November, personal income increased $29.8 billion, or 0.2 percent, DPI increased $14.4 billion, or 0.1 percent, and PCE increased $74.8 billion, or 0.6 percent, based on revised estimates.
Real disposable personal income decreased 0.2 percent in December, in contrast to an increase of 0.1 percent in November. Real PCE increased 0.2 percent in December, compared with an increase of 0.6 percent in November.
Posted: January 31, 2014 Friday 08:30 AM