PCE Price Index
Personal income and spending each improved to end 2017, but their rates of change were different. Americans’ pay managed to grow just 0.3 percent while outlays increased 0.5 percent. Additionally, there was a key revision to the prior period’s tally as outlays actually increased 0.8 percent (originally 0.6 percent), but November’s income tally remained as initially
Personal income rose 0.4 percent in September 2017 according to the Bureau of Economic Analysis. This $66.9 billion uptick accelerated from August’s increase of 0.2 percent. Likewise, disposable personal income, aka after-tax pay, improved 0.4 percent. Americans used the additional take-home pay to partially fund their 1.0 percent increase in consumption. Since out
Data from the Bureau of Economic Analysis (BEA) on Income and Outlays was short on good news for June 2017. As the first half of this year came to a close, there was no change to the national income figure versus a month earlier. As one might presume, this stunted consumption’s growth in the period, rising just 0.1 percent.