February 03, 2020
In December, personal income rose $40.7 billion (0.2%) in the U.S, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $30.6 billion (0.2%) and personal consumption expenditures (PCE) grew $46.6 billion (0.3%).
Real DPI rose 0.1% in December and Real PCE climbed 0.1%. The PCE price index rose 0.3%. The PCE price index less food and energy increased 0.2%.
The growth in personal income in December was primarily attributed to increases in compensation of employees and personal interest income that were partially offset by a decrease in farm proprietors’ income.
Personal outlays improved $51.5 billion in December while personal saving was $1.28 trillion and the personal saving rate, personal saving as a percentage of disposable personal income, was 7.6%.
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