Keeping you up to date on the latest data releases.
- Personal Income
Nominal personal income rose 0.3 percent (non-annualized) in November, following a downwardly revised (but still relatively strong) 0.4 percent gain in October. Nominal disposable income—income less current taxes—rose 0.3 percent in November. After adjusting for price changes, “real” disposable income increased 0.2 percent, and is up 2.4 percent over the past year. Real personal consumption expenditures, which were revised down from a 2.8 percent annualized gain in the third quarter to 2.4 percent, rose 3.9 percent in November and are trending at an annualized 5.0 percent through the first two months of the fourth quarter. Personal savings as a percent of disposable income ticked down to 0.1 percentage point to 5.3 percent in November, continuing to shy away from a recent high of 6.3 percent in June.