Archive for the 'Consumer Spending' Category

Real Consumer Spending Increases in October

Consumer Spending Nov26Personal income rose 0.2 percent in October, the same increase as in September. Wages and salaries, the largest component of personal  income, rose 0.3 percent in October after rising 0.2 percent in September.

Current-dollar disposable personal income (DPI), after-tax income, rose 0.2 percent in October after rising 0.1 percent in September.

Real DPI, income adjusted for taxes and inflation, increased 0.1 percent in October, the same increase as in September.

Real consumer spending, spending adjusted for price changes, increased 0.2 percent in October after remaining flat in September. Spending on nondurable goods increased 0.5 percent in October after decreasing 0.3 percent in September.

PCE prices increased 0.1 percent in October, the same increase as in September. Excluding food and energy, PCE prices increased 0.2 percent in October after increasing 0.1 percent in September.

Personal saving rate
Personal saving as a percent of DPI was 5.0 percent in October, the same as in September.

Read the full report.

Real Consumer Spending Nov26

Northern Mariana Islands’ Economy Grew 4.4 Percent in 2013

Newly published estimates of gross domestic product for the Commonwealth of the Northern Mariana Islands (CNMI) show that real GDP – GDP adjusted to remove price changes – increased 4.4 percent in 2013.

For comparison, real GDP for the U.S. (excluding the territories) increased 2.2 percent in 2013. The growth in the CNMI’s economy reflected increases in consumer spending and exports of services. Consumer spending, which was the largest contributor to economic growth in 2013, increased 12.3 percent. This increase was driven primarily by durable goods, reflecting growth in purchases of motor vehicles.

Tourism continued to contribute positively to the economy in 2013, after posting double-digit growth in 2012. Exports of services, which consists mostly of spending by tourists, increased 8.8 percent in 2013 after growing 17.2 percent in 2012.

Read the full report here.

Consumer Spending Falls in September

Personal Income rose 0.2 percent in September after rising 0.3 percent in August. Wages and salaries, the largest component Consumer spending chartof personal income, rose 0.2 percent in September after rising 0.5 percent in August.

Current-dollar disposable personal income (DPI), after-tax income, rose 0.1 percent in September after rising 0.3 percent in August.

Real DPI, income adjusted for taxes and inflation, remained flat in September after increasing 0.3 percent in August.

Real consumer spending, spending adjusted for price changes, decreased 0.2 percent in September after increasing 0.5 percent in August. Spending on durable goods decreased 1.9 percent in September after increasing 2.3 percent in August.

PCE prices increased 0.1 percent in September after decreasing 0.1 percent in August. Excluding food and energy, PCE prices increased 0.1 percent in September, the same increase as in August.

Personal saving rate
Personal saving as a percent of DPI was 5.6 percent in September and 5.4 percent in August.

Read the full report.

Real Disposable Personal Income and Real Consumer Spending