Monday, February 28, 2011

PCE Up, Kinda, Mostly

The mostly-good news:

Personal income increased $133.2 billion, or 1.0 percent ... Personal consumption expenditures (PCE) increased $23.7 billion, or 0.2 percent.

Moderated by this:

Real PCE -- PCE adjusted to remove price changes -- decreased 0.1 percent in January, in contrast to an increase of 0.3 percent in December

OTOH, personal savings is now at ~6%, and the trend-line of PCE is up, solidly, over the last several quarters.

HT: CalcRisk

1 comment:

J. Strupp said...

How's your favorite commodity treating your these days, Dadster?