January 2014 Real Personal Income and Expenditures Above Expectations

Written by Steven Hansen Real Personal Consumption Expenditure (PCE) grew while Real Disposable Personal Income (DPI) contracted. This release shows that the December data (previous month) was distorted by a previous year’s income spike – and that income and expenditure growth correlated this month.

December 2013 Real Personal Income Contracts – Not A Good Sign for Economic Expansion

Written by Steven Hansen Real Personal Consumption Expenditure (PCE) grew while Real Disposable Personal Income (DPI) contracted. Income continues to fall further behind the rate of increase of spending.

Personal Income Growth Disappoints in November 2013

Written by Steven Hansen Real Personal Consumption Expenditure (PCE) and Real Disposable Personal Income (DPI) are up. However, the rate of increase of income continues to fall further behind the rate of increase of spending.

Personal Income Falls in October 2013

Written by Steven Hansen Real Personal Consumption Expenditure (PCE) was up whilst Real Disposable Personal Income (DPI) was down. You get the feeling from this release that the consumer went on a spending spree without the income to pay for it.

Personal Income Growth Catches Up to Expenditures in September 2013

Written by Steven Hansen Real Personal Consumption Expenditure (PCE) and Real Disposable Personal Income (DPI) were up. The headline non-inflation adjusted value of PCE and DPI also improved. The indexed growth rate of income has finally caught up with expenditures.