12/23/2022, 2:32 PM (Source: TeleTrader)
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US personal spending up by 0.1% in November

Personal consumption expenditures (PCE) in the United States observed a slight monthly increase of 0.1% or $19.8 billion in November, somewhat in line with the 0.2% analysts predicted, the country's Bureau of Economic Analysis revealed in its report published on Friday.

The PCE price index also rose by 0.1% compared to the previous month and 5.5% on an annual basis. Excluding food and energy, the figure grew by 0.2% month-on-month and 4.7% year-on-year.

Meanwhile, personal income advanced by 0.4% or $80.1 billion in contrast with October. Disposable personal income (DPI) went up by 0.4%, while real PCE remained relatively unchanged, gaining less than 0.1%.

Baha Breaking News (BBN) / JR