Keeping you up to date on the latest data releases.
- Personal Income
Nominal personal income jumped up 0.5 percent (non-annualized) in October and, after revisions, was unchanged in September (both real disposable income and real consumption expenditures were revised up). Nominal disposable income—income less current taxes—rose 0.4 percent in October. After adjusting for price changes, “real” disposable income increased 0.3 percent, and is up 2.5 percent over the past year. Real personal consumption expenditures posted its sixth consecutive monthly gain, rising 0.3 percent in October. The series’ 12-month growth rate stands at 2.3 percent. As consumption and disposable income rose similarly in October, the personal savings rate was little changed from an upwardly revised 5.6 percent in September, edging up to 5.7 percent in October.