Personal Income, Consumption & Outlays for June 2011

The BEA has released Personal Income and Outlays report for June. This report covers individual income, consumption and savings. What stands out immediately is the decline in wages and salaries, which flat lined, or 0% at annualized rates, from last month.

Personal Income, Consumption & Outlays for May 2011

The personal income & outlays BEA economic report for May 2011 is out. PCE or personal consumption expenditures flat lined to zero growth. Personal Consumption Expenditures are part of GDP, which had increased 2.2% for Q1. Take away inflation and PCE for May decreased -0.128%^*.

Personal Income, Consumption & Outlays for April 2011

The personal income & outlays BEA economic report for April 2011 is out. PCE or personal consumption expenditures increased 0.4%. Personal Consumption Expenditures are part of GDP, which had increased 2.2% for Q1. Take away inflation and PCE increased 0.1%.

Personal Income, Consumption & Outlays for February 2011

The personal income & outlays BEA economic report for February 2011 is out. PCE or personal consumption expenditures increased 0.7%. Personal Consumption Expenditures are part of GDP, which had increased 4.0% for Q4. Take away inflation and PCE increased 0.3%. In January real PCE was 0%.

Personal Income, Consumption & Outlays for January 2011

The personal income & outlays BEA economic report for January 2011 is out. PCE or personal consumption expenditures increased 0.2%. Personal Consumption Expenditures are part of GDP, which had increased 4.1% for Q4. Take away inflation and PCE dropped -0.1%.

Personal Income, Consumption & Outlays for December 2010

The personal income & outlays BEA economic report for December 2010 is out. Personal Consumption Expenditures, or PCE, was already reported as part of the Q4 GDP report and had increased 4.4% for the quarter.

Personal Income, Consumption & Outlays for November 2010

The personal income & outlays BEA economic report for November 2010 is out. This is PCE, which is normally the largest component of GDP. From the report, we predict Q4 2010 PCE will be at least 4% in growth.

Personal Income & Outlays for May 2010

Personal Income and Outlays for May 2010 was released today.

Personal Income & Outlays for March 2010

Personal Income and Outlays for March 2010 was released today. Once again, Americans' spending is increasing more than their incomes. Even more interesting, the increase in unemployment insurance benefit payouts equaled the increase in wages and salaries from private industries, $11.8 billion, at a seasonally adjusted annual rate. The total government transfer payments was over 66% of the personal income growth for March.

Personal income increased $36.0 billion, or 0.3 percent, and disposable personal income (DPI) increased $32.3 billion, or 0.3 percent. Personal consumption expenditures (PCE) increased $58.6 billion, or 0.6 percent.

Black Friday Sales Numbers - 0.5% increase from 2008, due to increase in total shoppers

More shoppers, less sales per shopper. Total sales were up 0.5% from 2008.

The totals, from BIGresearch polling, are $41.2 billion. Last year was $40 billion. This is because there were more shoppers.

The average haul per shopper was $343.31. Last year per shopper was $372.57. This includes online sales.

This statistic, 31.2% of all shoppers were in line at 5am to me is telling. Only people who really need to save that extra $100 will get up in the middle of the night to stand out in the cold.

Since many online only retailers seemed to run their specials during Black Friday, it's unclear how low they can go for CyberMonday tomorrow.

Those expecting the holiday season to kick start American consumerism will assuredly be disappointed. No job. No sales, that's the bottom line.

consumer spending