Tag Archives: dpi

March 2013 Real Personal Expenditures Rise Weakly But Above Expectations

Written by Steven Hansen March 2013 Real Personal Consumption Expenditure (PCE) – now has gained for five straight months. Real Disposable Personal Income (DPI) rose weakly. The market looks at current values (not real inflation adjusted) and was expecting a … Continue reading

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February 2013 Real Personal Expenditures Clouded by Low Inflation Figures

Written by Steven Hansen February 2013 Real Personal Consumption Expenditure (PCE) – now has gained for four straight months. Real Disposable Personal Income (DPI) rose weakly following last month’s major decline. The market looks at current values (not real inflation … Continue reading

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January 2013 Real Personal Income Disappoints

Written by Steven Hansen January 2013 Real Personal Consumption Expenditure (PCE) – now has gained for three straight months. Real Disposable Personal Income (DPI) fell significantly wiping out months of gains. The market looks at current values (not real inflation … Continue reading

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November 2012 Real Personal Income / Expenditure Remove Recession Clouds

Written by Steven Hansen November 2012 Real Personal Consumption Expenditure (PCE) – rose significantly, more than making up for last month’s decline.  Real Disposable Personal Income (DPI) also gained big. For recession watcher’s, the July peak was exceeded in disposable … Continue reading

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October 2012 Real Personal Income and Expenditure Contracts

Written by Steven Hansen October 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers – fell reversing most of last month’s gain. Real Disposable Personal Income (DPI) which has risen most of 2012, was also fell. … Continue reading

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September 2012 Real Personal Income Is Unchanged

Written by Steven Hansen September 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers – grew for the third month. Real Disposable Personal Income (DPI) which has risen most of 2012, was unchanged following last month’s … Continue reading

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August 2012 Real Personal Income Contracting – Recession Marker?

Written by Steven Hansen August 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers – grew for the second month. Real Disposable Personal Income (DPI) which has risen most of 2012, contracted. There was a general … Continue reading

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July 2012 Real Personal Consumption Strong, No Recession

Written by Steven Hansen July 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers – grew strongly more than offsetting last month’s contraction. Disposable Personal Income (DPI) has now risen most of 2012, and also grew … Continue reading

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Is The Consumer Beginning to Hunker Down?

Written by Steven Hansen This past week we analyzed the latest BEA release on personal income and expenditure.  The bottom line was Joe’s income was up, his spending was down.   Joe seems to be marginally hunkering down. Most of us … Continue reading

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June 2012 Real Personal Consumption Contracts

Written by Steven Hansen June 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers – is now contracting. Disposable Personal Income (DPI) has now risen most of 2012: There was a general softness now for several … Continue reading

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May 2012 Personal Consumption Improves But Trend is Weaker

Written by Steven Hansen May 2012 both Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers is weakening – and backward revision again destroyed past gains.  Disposable Personal Income (DPI) rose for the third month in a … Continue reading

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April 2012 Personal Consumption Shows Expanding Consumer Sector

Written by Steven Hansen April 2012 both Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers again improved month-over-month,  and Disposable Personal Income (DPI) rose for the second month in a row: Real PCE (inflation and seasonally … Continue reading

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March 2012 Personal Consumption: Spending & Savings Improve

Written by Steven Hansen March 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers again improved month-over-month, and Disposable Personal Income (DPI) rose negating the last two months of decline: Real PCE (inflation and seasonally adjusted) … Continue reading

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February 2012 PCE Shows Consumers Returning to Consumption Trough

Written by Steven Hansen February 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers improved month-over-month, but Disposable Personal Income (DPI) again declined slightly: Real PCE (inflation and seasonally adjusted) improved 0.5% month-over-month Real DPI rose … Continue reading

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January 2012 Personal Expenditures Unchanged, But Income Falls

Written by Steven Hansen January 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers was unchanged month-over-month, but Disposable Personal Income (DPI) declined slightly: Real PCE (inflation and seasonally adjusted) unchanged 0.0% month-over-month Real DPI rose … Continue reading

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Higher Savings Rate Contributed to Poor PCE Numbers in December 2011

December 2011 Personal Consumption Expenditure (PCE) – the spending of consumers disappointed even though Disposable Personal Income (DPI) rose significantly: PCE fell an inflation and seasonally adjusted 0.1% month-over-month DPI rose and inflation and seasonally adjusted 0.5% month-over-month the personal … Continue reading

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Consumer Spending Increased In November 2011

Personal Consumption Expenditure (PCE) – the spending of consumers – rose an inflation and seasonally adjusted 0.2% month-over-month in November 2011. This follows the September PCE which showed the largest monthly increase since December 2009, and October’s moderate increase of … Continue reading

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October 2011 Personal Consumption Increased, but Income Increased More

Personal Consumption Expenditure (PCE) – the spending of consumers – rose an inflation and seasonally adjusted 0.1% month-over-month in October 2011. This follows the September PCE which showed the largest monthly increase since December 2009. Inflation and seasonally adjusted Disposable … Continue reading

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Good Gain For Personal Consumption Expenditures in September 2011

Personal Consumption Expenditure (PCE) – the spending of consumers – rose an inflation and seasonally adjusted 0.5% month-over-month in September 2011.  This was the largest monthly increase since December 2009. Inflation and seasonally adjusted disposable income fell 0.1% month-over-month.  For … Continue reading

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Personal Income and Expenditures Data Should be Ignored in August 2011

In August 2011 month-over-month, real (inflation adjusted) income is down slightly 0.3% while real spending was unchanged. Not recessionary but not good. Continue reading

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