Research >> Economics
Personal Income increased 0.1%, Spending up 0.1%
Personal income increased $8.5 billion, or 0.1 percent, and disposable personal income (DPI) decreased $5.0 billion, or less than 0.1 percent, in November, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $13.1 billion, or 0.1 percent in November. In October, personal income increased $47.2 billion, or 0.4 percent, DPI increased $27.2 billion, or 0.2 percent, and PCE increased $11.3 billion, or 0.1 percent, based on revised estimates.
Real disposable income decreased less than 0.1 percent in November, in contrast to an increase of 0.3 percent in October. Real PCE increased 0.2 percent in November, the same increase as in October.
Posted: December 23, 2011 Friday 08:30 AM