Consumer Spending Falls In December

 PI_table_2_2_15Personal income rose 0.3 percent in December, the same increase as in November. Wages and salaries, the largest component of personal income, rose 0.1 percent in December after rising 0.6 percent in November.
Current-dollar disposable personal income (DPI), after-tax income, rose 0.3 percent in December, the same increase as in November.
Real DPI, income adjusted for taxes and inflation, increased 0.5 percent in December after increasing 0.4 percent in November.
Real consumer spending, spending adjusted for price changes, decreased 0.1 percent in December after increasing 0.7 percent in November. Spending on durable goods decreased 0.7 percent in December after increasing 2.5 percent in November.
PCE prices decreased 0.2 percent in December, the same decrease as in November. Excluding food and energy, PCE prices remained flat in December, the same as in November.
Personal saving rate
Personal saving as a percent of DPI was 4.9 percent in December and 4.3 percent in November.

PI_chart_2_2_15

Read the report.


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