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.
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.
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%*.
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%.
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%.
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.
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.
The BEA economic report personal income & outlays was released last Wednesday, but since PCE greatly affects GDP, it's worth reviewing, despite the tardiness of this piece.
Personal income increased 0.5% in October and PCE or personal consumption expenditures increased 0.3%. In September personal income was a big fat 0%. Below is the percent change in personal income and then the raw values.
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