Tag Archives: Consumer Spending

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.

U.S. Personal Income +0.1%, Consumer Spending +0.1%, Savings Rate at 3.5% in November 2011

The U.S. Bureau of Economic Analysis has reported that personal income in November 2011 rose 0.1 percent. Nominal personal consumption expenditures (PCE) increased 0.1 percent while real PCE rose 0.2 percent. Nominal and real disposable personal income (DPI) were unchanged. The personal saving rate as a percentage of DPI was 3.5 percent in November.

For more information on personal income and outlays, please click on the Economic Growth Statistics page, then scroll down to the appropriate section.

U.S. Personal Income +0.4%, Consumer Spending +0.1% in October 2011

The U.S. Bureau of Economic Analysis has reported that personal income increased $48.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $30.2 billion, or 0.3 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $8.2 billion, or 0.1 percent. In September, personal income increased $15.5 billion, or 0.1 percent, DPI increased $7.8 billion, or 0.1 percent, and PCE increased $74.5 billion, or 0.7 percent, based on revised estimates. Real disposable income increased 0.3 percent in October, in contrast to a decrease of 0.1 percent in September. Real PCE increased 0.1 percent, compared with an increase of 0.5 percent.

For more information, please click on the Economic Growth Statistics page in the menu bar, then scroll down to the bottom of the page.

U.S. Retail Sales Increased 0.5% in October 2011

Despite gloomy consumer sentiment readings, spending seemed to hold up well in October 2011. The U.S. Census Bureau has announced that advance estimates of U.S. retail and food services sales for October, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $397.7 billion, an increase of 0.5 percent from the previous month and 7.2 percent above October 2010.

Total sales for the August through October 2011 period were up 7.6 percent from the same period a year ago. The August to September 2011 percent change was unrevised from +1.1 percent.

Retail trade sales were up 0.6 percent from September 2011, and 7.3 percent above last year. Gasoline stations sales were up 15.6 percent from October 2010 and nonstore retailers sales were up 11.1 percent from last year.

For more information, please click on the Economic Growth Statistics page in the menu bar, then scroll down to the Retail Sales section.

U.S. Personal Income +0.1%, Consumer Spending +0.6%, Savings Rate at 3.6% in September 2011

The U.S. Bureau of Economic Analysis has reported that personal income in September 2011 rose 0.1 percent. Nominal personal consumption expenditures (PCE) increased 0.6 percent and real PCE rose 0.5 percent. Nominal disposable personal income (DPI) increased 0.1 percent and real DPI fell 0.1 percent. The personal saving rate as a percentage of DPI was 3.6 percent in September.

To view the full report, please click the following link: Personal Income and Outlays – September 2011.