Tag Archive for ‘personal consumption expenditure’

Saving Rate Rises to 3.4% in February

According to the most recent data release from the Bureau of Economic Analysis, savings increased to $497 billion in February, the highest level since August 2017. The U.S. saving rate rose to 3.4% from 3.2% in January. It was the second consecutive increase after a relatively low 2.5% in December last year. As shown in the graph below, the savings… Read More ›

October Gains in Personal Income and Spending

Personal income climbed 0.4% in October, according to the most recent data release from the Bureau of Economic Analysis. Gains in personal income are largely driven by increases in wages and salaries and personal interest income. Personal consumption expenditures increased by 0.3% in October, compared to nearly 0.9% jump reported in September. Real spending, adjusted to remove inflation, inched up… Read More ›

U.S. Personal Income and Spending Rise in August

Personal income climbed 0.2% in August after the downwardly revised 0.3% growth in July, according to the most recent data release from the Bureau of Economic Analysis. Wages and Salaries, the biggest share of personal income, registered a slight increase of 0.04% after strong gains in June and July. Personal consumption expenditures edged up by 0.1% in August. Adjusted for… Read More ›

Gains in July U.S. Personal Income

Personal income increased 0.4% in July after showing virtually no change in the previous month, according to the most recent data release from the Bureau of Economic Analysis (BEA). This is the fastest growth since February 2017, as the wages and salaries maintained solid growth of 0.5% in July. Personal consumption expenditure rose by 0.3%, following upwardly revised 0.2% growth… Read More ›