- Prior 0.2%. Revised to 0.0%
- Spending (adj) 0.2% vs 0.3% exp. Prior -0.2%. Revised to 0.0%
- Spending (real) 0.2% vs -0.2% prior
- Core PCE 0.2% vs 0.2% ex m/m. Prior 0.1%
- 1.6% vs 1.5% prior y/y
- PCE price index 0.1% vs 0.1% prior
- 1.4% vs 1.4% prior y/y
Spending rebounds but not exactly setting the world alight. Incomes are unchanged rose after the higher revision last month and still there’s no signs of that climbing rapidly anytime soon. We may see that change in the November report as the lower price of oil filters through.
PCE prices are about par for the course, if we put them up against the last inflation numbers.
On a broad view it’s a flat report but on the right side of the street.
US personal income/spending details 26 11 2014
US personal income spending mm 26 11 2014
US personal income/spending 26 11 2014
