Research >> Economics
Personal Income increased 0.5%, Spending increased 0.5%
Personal income increased $79.6 billion, or 0.5 percent, and disposable personal income (DPI) increased $63.5 billion, or 0.5 percent, in January, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $63.0 billion, or 0.5 percent. In December, personal income increased $45.6 billion, or 0.3 percent, DPI increased $39.2 billion, or 0.3 percent, and PCE increased $11.6 billion, or 0.1 percent, based on revised estimates.
Real DPI increased 0.4 percent in January, the same increase as in December. Real PCE increased 0.4 percent in January, compared with an increase of 0.2 percent in December.
Posted: February 26, 2016 Friday 10:00 AM