Personal Income and Outlays

Personal Spending Modestly Positive. Inflation Contained.

Personal Income and Outlays (November 2012) Personal Income – Month/Month +0.6%. Previous was +0.0%. Consumer Spending – Month/Month  +0.4%. Previous was -0.2% PCE Price Index — M/M  -0.2% Core PCE price index – Month/Month  +0.0% Personal Income – Year/Year  +4. % Consumer Spending – Year/Year +3.5% PCE Price Index — Year/Year +1.4% Core PCE price

Comsumer Spending Down.

Personal Income and Outlays (October 2012) Personal Income – Month/Month +0.0% Consumer Spending – Month/Month -0.2% PCE Price Index — Month/Month 0.1% Core PCE price index – Month/Month 0.1% Personal Income – Year/Year  3.1% Consumer Spending – Year/Year 3.1% PCE Price Index — Year/Year 1.7% Core PCE price index – Year/Year 1.6% Some of the

Real Consumer Spending Flat.

Personal Income/Outlays  (September 2012) Personal Income – Month/Month  0.4% Consumer Spending – Month/Month 0.8% PCE Price Index — Month/Month 0.4% Core PCE price index – Month/Month 0.1% PCE Price Index — Year/Year 1.7% Core PCE price index – Year/Year  1.7% The gains in spending were largely due to inflation. Dallas Fed Manufacturing Survey (October 2012)

Real Personal Income, Chicago PMI and Consumer Sentiment All Lower

Personal Income and Outlays (August 2012) Personal Income – Month/Month +0.1% Consumer Spending – Month/Month +0.5% PCE Price Index — Month/Month +0.4% Core PCE price index – Month/Month 0.1% Nominal Income was up slightly.  Real (inflation adjusted) income was down. Higher gas prices made real income lower.  Factoring out food and gas real income was

Real Personal Income, Chicago PMI and Consumer Sentiment All Lower

Personal Income and Outlays (August 2012) Personal Income – Month/Month +0.1% Consumer Spending – Month/Month +0.5% PCE Price Index — Month/Month +0.4% Core PCE price index – Month/Month 0.1% Nominal Income was up slightly.  Real (inflation adjusted) income was down. Higher gas prices made real income lower.  Factoring out food and gas real income was