Home | News & Opinion | Consumer spending, personal income rise in October

Consumer spending, personal income rise in October

By
Font size: Decrease font Enlarge font
Consumer spending, personal income rise in October

Increases in line with most expectations.

The Department of Commerce today reported that personal income in the US increased $39.9 billion, or 0.2%, and disposable personal income (DPI) increased $23.4 billion, or 0.2%, in October.

Personal consumption expenditures (PCE) increased $27.5 billion, or 0.2%. In September, personal income increased $24.6 billion, or 0.2 percent, DPI increased $17.2 billion, or 0.1 percent, and PCE increased $4.1 billion, or less than 0.1 percent, based on revised estimates.

These results were roughly in line with economists’ expectations, and given further credence to cautious optimism about the prospects for the US economy for the remainder of the year. 

The full report can be found here.

Share this:

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha