26 Nov 2014
US personal income increases, but gains weaker than expected
FXStreet (London) - US personal income increased USD32.9 billion, or 0.2 percent, and disposable personal income (DPI) increased USD23.4bn,or 0.2 percent, in October, according to the Bureau of Economic Analysis.
The data was weaker than expected with consensus expectations pointing to a 0.4 percent gain.
Personal consumption expenditures (PCE) increased USD27.3 billion, or 0.2 percent. In September, personal income increased USD24.6 billion, or 0.2 percent, DPI increased USD17.2bn, or 0.1 percent, and PCE increased USD4.1bn, or less than 0.1 percent, based on revised estimates.
Real DPI increased 0.1 percent in October, the same increase as in September. Real PCE increased 0.2 percent in October, in contrast to a decrease of less than 0.1 percent in September.
The data was weaker than expected with consensus expectations pointing to a 0.4 percent gain.
Personal consumption expenditures (PCE) increased USD27.3 billion, or 0.2 percent. In September, personal income increased USD24.6 billion, or 0.2 percent, DPI increased USD17.2bn, or 0.1 percent, and PCE increased USD4.1bn, or less than 0.1 percent, based on revised estimates.
Real DPI increased 0.1 percent in October, the same increase as in September. Real PCE increased 0.2 percent in October, in contrast to a decrease of less than 0.1 percent in September.