U.S. Consumer Spending Rises to 5-month High in November
In November of 2013, US consumer spending accelerated for the third straight month to 0.5 percent mom, the highest growth rate in five months.
12/23/2013 1:46:40 PM
Personal consumption expenditures increased $63.0 billion, or 0.5 percent. In October, personal income decreased $11.7 billion, or 0.1 percent, DPI decreased $25.6 billion, or 0.2 percent, and PCE increased $44.2 billion, or 0.4 percent, based on revised estimates.
Personal income increased $30.1 billion, or 0.2 percent, and disposable personal income increased $16.2 billion, or 0.1 percent in November.