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MONDAY February 1, 2010 CONSUMER SPENDING RISES 0.1% IN DECEMBER Personal income increased 0.4 percent in December after increasing 0.5 percent in November. Wages and salaries, the largest component of personal income, increased 0.1 percent in December after increasing 0.4 percent in November. Real disposable personal income, income adjusted for inflation and taxes, increased 0.3 percent in December, after increasing a similar amount in November. Real consumer spending, spending adjusted for price changes, increased 0.1 percent in December, after increasing 0.4 percent in November. Spending on goods turned down, while spending on services turned up. PCE prices rose 0.1 percent in December. Excluding food and energy, prices rose 0.1 percent in December. Personal saving rate Personal saving as a percent of disposable personal income was 4.8 percent in December. Average, last 12 months November December Personal Income 0.0 % 0.5 % 0.4 % Real DPI 0.1 % 0.3 % 0.3 % Real PCE 0.1 % 0.4 % 0.1 % PCE Prices 0.2 % 0.3 % 0.1 % 12-month average November December Personal Saving Rate 4.6 % 4.5 % 4.8 % Real Disposable Personal Income and Real Consumer Spending Percent change (monthly) 1.0 0.5 Real Disposable Personal Income 0.0 -0.5 Real Consumer Spending -1.0 Sept Oct Nov Dec BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE: On March 1, 2010, the January estimates of personal income and outlays will be released. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce