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WEDNESDAY December 23, 2009 PERSONAL INCOME RISES IN NOVEMBER Average, last 12 months Personal income increased 0.4 percent in November after increasing 0.3 percent in October. Wages and salaries, the largest component of personal income, increased 0.3 percent in November after increasing 0.1 percent in October. October November Personal Income 0.0 % 0.3 % 0.4 % Real disposable personal income, income adjusted for inflation and taxes, increased 0.2 percent in November, after increasing by a similar amount in October. Real DPI 0.1 % 0.2 % 0.2 % Real consumer spending, spending adjusted for price changes, increased 0.2 percent in November, after increasing 0.4 percent in October. Spending on durable goods slowed, while spending on nondurable goods picked up. Spending on services turned down. Real PCE 0.1 % 0.4 % 0.2 % 0.1 % 0.3 % 0.2 % PCE prices increased 0.2 percent in November. Excluding food and energy, prices were flat. PCE Prices 12-month average Personal saving rate Personal saving as a percent of disposable personal income was 4.7 percent in November. Personal Saving Rate 4.6 % October November 4.7 % 4.7 % Real Disposable Personal Income and Real Consumer Spending 1.5 Percent change (monthly) 1.0 Real Disposable Personal Income 0.5 0.0 -0.5 Real Consumer Spending -1.0 -1.5 Aug Sept Oct Nov 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 February 1, 2010, the December estimates of personal income and outlays will be released. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
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