Personal Income +0.5%, Consumer Spending Unchanged, Savings Rate at 4.0% in December 2011

The U.S. Bureau of Economic Analysis has reported that personal income in December 2011 rose 0.5 percent. Nominal personal consumption expenditures (PCE) was unchanged and real PCE declined 0.1 percent. Nominal disposable personal income (DPI) rose 0.4 percent and real DPI increased 0.3 percent. The personal saving rate as a percentage of DPI was 4.0 percent in December.

For more information, please click on the Economic Growth Statistics page in the menu bar, then scroll down to the Personal Income and Outlays section.