US consumer spending rose 0.4% in December from November as personal income remained essentially flat: Dept. of Commerce

Cindy Allen

Cindy Allen

Jan 31, 2014 – U.S. Dept. of Commerce (DOC)

WASHINGTON , January 31, 2014 (press release) – Personal income increased $2.3 billion, or less than 0.1 percent, and disposable personal income (DPI) decreased $3.8 billion, or less than 0.1 percent, in December according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $44.1 billion, or 0.4 percent. In November, personal income increased $29.8 billion, or 0.2 percent, DPI increased $14.4 billion, or 0.1 percent, and PCE increased $74.8 billion, or 0.6 percent, based on revised estimates.

Real disposable personal income decreased 0.2 percent in December, in contrast to an increase of 0.1 percent in November. Real PCE increased 0.2 percent in December, compared with an increase of 0.6 percent in November.


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