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ECON: Consumer Spending Turns Positive In November, Incomes Higher
Posted to: Micro News
Friday, December 21, 2012 8:40 AM
Personal income increased $85.8 billion, or 0.6 percent, and disposable personal income (DPI)
increased $74.7 billion, or 0.6 percent, in November, according to the Bureau of Economic Analysis.
- Income +0.6 vs +0.3 consensus
- Core PCE Prices 0.0 vs +0.1 consensus
- Consumer Spending +0.4 vs +0.3 consensus, -0.1 previously
Personal consumption expenditures (PCE) increased $41.3 billion, or 0.4 percent. In October,
personal income increased $7.5 billion, or 0.1 percent, DPI increased $6.4 billion, or 0.1 percent,
and PCE decreased $6.6 billion, or 0.1 percent, based on revised estimates.
Real disposable income increased 0.8 percent in November, in contrast to a decrease of 0.1 percent
in October. Real PCE increased 0.6 percent, in contrast to a decrease of 0.2 percent.
Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased $42.6 billion in
November, in contrast to a decrease of $5.3 billion in October. PCE increased $41.3 billion, in contrast to a decrease of $6.6 billion.
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