According to the 8:30 A.M., November 30th, release by the Bureau of Economic analysis, Personal income increased only slightly, $.4 Billion in October 2012, or less than .1%, according to the bureau of economic analysis.
The bureau further reported that (DPI), disposable personal income, increased $.8 Billion, or less than .1% in October, according to the bureau of economic analysis. (PCE), personal consumption expenditures, decreased $20.2 billion, or .2%. In September, personal income increased $47.8 Billion, or .4%. DPI increased $42.1 Billion, or .4%, and personal consumption expenditures increased $84 Billion, or .8%, based on revised estimates.
Real disposable income decreased .1% in October 2012, compared with an increase of less than .1% in September. Real Personal Consumption Expenditures decreased .3%, in contrast to an increase of .4%.
Personal Income up .1% in October 2012
Stay tuned to upcoming market reports by the Federal Reserve and by media outlets on Personal Income. Personal income in relation to inflation is a key statistic. Determine if the personal income figure provided is with or without inflation taken into account.
If Personal income is being reported as up by 1%, is that with inflation taken into account?
If it is, then real personal income is up. If it is not, then real personal income may be down rather than up.
U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.
U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.
Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.
Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.
More Personal Income up .1% in October resources:
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Public Radio Planet Money – All issues money related to the public.
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