Friday December 21st, 2012 - 10:22AM
According to the United States Bureau of Economic Analysis, personal income increased $85.8 billion, or 0.6%, and disposable personal income gained $74.7 billion, or 0.6%, in November. Personal consumption expenditures increased $41.3 billion, or 0.4%.
In October, personal income increased $7.5 billion, or 0.1%, DPI gained $6.4 billion, or 0.1%, and PCE decreased $6.6 billion, or 0.1%, based on revised estimates, BEA stated.
Real disposable income increased 0.8% in November, in contrast to a decrease of 0.1% in October, the bureau noted. Real PCE increased 0.6% in November versus a decrease of 0.2% in the month earlier.