The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
WEDNESDAY November 25, 2009 CONSUMER SPENDING TURNS UP IN OCTOBER Personal income increased 0.2 percent in October after increasing a similar amount in September. Wages and salaries, the largest component of personal income, were flat in October after falling 0.1 percent in September. Average, last 12 months September October Personal Income –0.1 % 0.2 % 0.2 % Real disposable personal income, income adjusted for inflation and taxes, increased 0.2 percent in October. In September, the increase was 0.1 percent. Real DPI 0.2 % 0.1 % 0.2 % Real consumer spending, spending adjusted for price changes, increased 0.4 percent in October, after decreasing 0.7 percent in September. The increase in October reflected an upturn in purchases of new cars. The decline in September reflected the end of the federal “cash-forclunkers” program, which boosted sales in July and August. Real PCE 0.1 % –0.7 % 0.4 % PCE prices increased 0.3 percent in October. Excluding food and energy, prices rose 0.2 percent. PCE Prices 0.0 % 0.1 % 0.3 % Personal saving rate Personal saving as a percent of disposable income was 4.4 percent in October. 12-month average September October Personal Saving Rate 4.5 % 4.6 % 4.4 % 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 July Aug Sept Oct 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 December 23, 2009, the November estimates of personal income and outlays will be released. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
@FedFRASER