US Personal Spending Rises The Most in 7 Months


Consumer spending increased more than forecast in November as personal income grew and gasoline prices dropped.

Personal income increased $54.4 billion, or 0.4 percent, and disposable personal income (DPI) increased $42.4 billion, or 0.3 percent.

Personal consumption expenditures (PCE) increased $67.9 billion, or 0.6 percent.  In October, personal income increased $49.8 billion, or 0.3 percent, DPI  increased $39.7 billion, or 0.3 percent, and PCE increased $31.3 billion, or 0.3 percent, based on revised estimates.

Real DPI increased 0.5 percent in November, compared with an increase of 0.3 percent in October.  

Real PCE increased 0.7 percent, compared with an increase of 0.2 percent.  The price index for PCE decreased 0.2 percent, in contrast to an increase of less than 0.1 percent.

US Personal Spending Rises The Most in 7 Months


Bureau of Economic Analysis | anna@tradingeconomics.com
12/23/2014 3:33:14 PM