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Friday, December 23, 2011 CONSUMER SPENDING RISES IN NOVEMBER Sep. Oct. Nov. Personal income increased 0.1 percent in November after increasing 0.4 percent in October. Wages and salaries decreased 0.1 percent after increasing 0.6 percent. Personal Income 0.2% 0.4% 0.1% Current-dollar disposable personal income (DPI), after-tax income, remained flat in November following an increase of 0.2 percent in October. Currentdollar DPI 0.1% 0.2% 0.0% Real DPI, income adjusted for taxes and inflation, remained flat in November after increasing 0.3 percent in October. Real DPI –0.1% 0.3% 0.0% Real PCE 0.5% 0.2% 0.2% PCE Prices 0.2% –0.1% 0.0% Real consumer spending, spending adjusted for price changes, increased 0.2 percent in November after increasing the same percent in October. Spending on durable goods increased 1.1 percent after increasing 1.3 percent. PCE prices remained flat in November after decreasing 0.1 percent in October. Excluding food and energy, the PCE price index increased 0.1 percent in November after increasing the same percent in October. Personal saving rate Personal saving as a percent of DPI was 3.5 percent in November, compared with 3.6 percent in October. 3.5% 3.6% 3.5% Real Disposable Personal Income and Real Consumer Spending 1.0 Percent change (monthly) Personal Saving Rate 0.5 Real Disposable Personal Income 0.0 -0.5 Real Consumer Spending -1.0 Aug Sep 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 January 30, 2012, 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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