The most recent data release from the Bureau of Economic Analysis shows that personal consumption expenditures increased 0.6% in November following a downwardly revised increase of 0.2% in October. Adjusted to remove the price change, real personal spending was up by 0.4% after being virtually unchanged in October. This increase is mostly due to a higher spending on nondurable goods…. Read More ›
Tag Archive for ‘personal consumption expenditures’
June Personal Income and Consumption Expenditures Nearly Flat
According to the most recent data release from the Bureau of Economic Analysis (BEA), personal income remained virtually unchanged (-0.02%) since the last month. This is the first time that personal income failed to rise after a steady growth for 6 consecutive months. The BEA reported that the decrease in personal income in June primarily reflected decreases in personal dividend… Read More ›
Steady Growth in May Personal Income
Personal income climbed 0.4% in May, according to the most recent data release from the Bureau of Economic Analysis. Personal consumption expenditures inched up by 0.1% in May after strong gains in March and April. On a year-over-year comparison, personal consumption increased 4.2% in May. Disposable personal income, income remaining after deducting personal income taxes, grew by 0.6% after accounting… Read More ›
Personal Spending Rises in April
Personal consumption expenditures climbed 0.4% after gaining 0.3% in March, the fastest pace since December 2016, according to the most recent data release from the Bureau of Economic Analysis. Personal income was up by 0.4% in March after a 0.3% increase in February. The solid gain in personal income was largely driven by increases in wages and salaries that rose… Read More ›
Steady Increase in February Personal Income
Personal Income was up by 0.4% in February, a steady growth after a 0.5% increase in January, according to the most recent data release from the Bureau of Economic Analysis. Disposable personal income – income remaining after deducting personal income taxes – rose 0.2% following a 0.1% dip in January. Personal consumption expenditures edged up by 0.1% month-on-month in February…. Read More ›
Steady Growth in October Personal Income
According to the most recent data from the Bureau of Economic Analysis, personal Income rose by 0.6% in October to a seasonally adjusted annual rate of $16,260 billion. This is the largest growth within the past six months. Personal consumption expenditures edged up by 0.3%, following an upwardly revised 0.7% gain in September. On a year-over-year comparison, personal consumption jumped… Read More ›
July Personal Consumption Expenditure Edges Up
Personal income increased by $71.7 billion in July, growing at a seasonally adjusted annual rate of 0.5%, according to the most recent data release from the Bureau of Economic Analysis. Personal consumption expenditure rose by 0.3%, after a 0.6% increase in June. Disposable personal income – income remaining after deducting personal income taxes – continued its steady growth, and so… Read More ›
Personal Consumption Expenditure Expands
June personal consumption expenditure increased by 0.42% after climbing 0.36% in May and 1.00% in April, according to the most recent data release from the Bureau of Economic Analysis. Personal income rose by $29.3 billion in June, up by 0.2% over last month. Consumption expenditure in second quarter grew at a steady pace, rebounding from a weak first quarter. Meanwhile,… Read More ›
Slow Rise in Consumer Prices in July
The Bureau of Labor Statistics (BLS) reported consumer prices increased in July. The Consumer Price Index (CPI) rose at a seasonally adjusted annual rate of 1.6%, slower than 3.9% in June. Excluding the volatile food and energy components, the “core” CPI rose at a seasonally adjusted annual rate of 1.6% in July. Energy prices were stabilized and rose at a… Read More ›