Consumer spending was unchanged from last month, but after taking price increases into account, shows a 0.1% increase. Personal consumption expenditures are often called consumer spending by the press. Real Personal Consumption Expenditures, or PCE, are about 71% of GDP. Real means chained to 2005 dollars, thus adjusted for inflation. Below is a graph of real PCE. This is not good news for Q2 GDP.
Consumer spending increased 0.3% from last month, but after taking price increases into account, showed only a 0.1% increase. Personal consumption expenditures are often called consumer spending. Real Personal Consumption Expenditures, or PCE, are about 71% of GDP. Real means chained to 2005 dollars, thus adjusted for inflation. Below is a graph of real PCE.
The Personal Income and Outlays report shows people spent more than they earned in February. Consumer spending increased 0.8% from last month, but after taking price increases into account, increased by 0.5%. While disposable income increased by 0.2%, when adjusted for inflation, disposable income actually dropped, -0.1%. Personal income increased 0.2% in February.
There is spending and income and then there is spending an income adjusted for price increases. The Personal Income and Outlays report covers individual income, consumption and savings. Consumer spending increased 0.2% from last month, but after taking price increases into account, there was actually no monthly change.
People spent less and saved more in December. The Personal Income and Outlays report covers individual income, consumption and savings. Consumer spending was basically flatlined, or -0.02% from last month, while disposable income increased by 0.4%.
The Personal Income and Outlays report for November covers individual income, consumption and savings. Consumer spending increased 0.1% while disposable income had no change. Personal income increased 0.1% There are two things to garner from this month's numbers. Consumer spending is mute and wages, salaries declined.
The Personal Income and Outlays report for October covers individual income, consumption and savings. Consumer spending increased 0.1% while disposable income has increased 0.3%. Personal income finally came alive, the first time breaking flat line since March, to a 0.4% monthly increase.
The Personal Income and Outlays report for September covers individual income, consumption and savings. Overall the report shows bad news as once again, America's income is rising less than spending. Spending is up 2.2% while disposable income has only increased 0.2% from this time last year.
The Personal Income and Outlays report for August covers individual income, consumption and savings. Overall the report shows America flatlining again economically. Personal consumption expenditures, called by the press consumer spending, increased 0.2% and in real dollars, flat lined, zero change from July to August.
The BEA has released Personal Income and Outlays report for July. This report covers individual income, consumption and savings and was released earlier in the week. Personal consumption expenditures, called by the press consumer spending, increased 0.8% and in real dollars, increased 0.5% from June to July.
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