Personal Income and Outlays, January 2024 February 29, 2024 at 07:00PM Personal income increased $233.7 billion (1.0 percent at a monthly rate) in January. Disposable personal income (DPI)-personal income less personal current taxes-increased $67.6 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $54.3 billion (0.3 percent) and consumer spending increased $43.9 billion (0.2 percent). Personal saving was $779.3 billion and the personal saving rate-personal saving as a percentage of disposable personal income-was 3.8 percent in January. Full Text

Personal Income and Outlays, January 2024 Personal income increased $233.7 billion (1.0 percent at a monthly rate) in January. Disposable personal income (DPI)-personal income less personal current taxes-increased $67.6 billion (0.3 percent). Personal outlays-the sum of personal consumption expenditures (PCE), personal interest payments, and personal current transfer payments-increased $54.3 billion...

Read More

Gross Domestic Product, Fourth Quarter and Year 2023 (Second Estimate) February 28, 2024 at 07:00PM Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the fourth quarter of 2023, according to the "second" estimate. In the third quarter, real GDP increased 4.9 percent. The increase in the fourth quarter primarily reflected increases in consumer spending, exports, as well as state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased. Full Text

Gross Domestic Product, Fourth Quarter and Year 2023 (Second Estimate) Real gross domestic product (GDP) increased at an annual rate of 3.2 percent in the fourth quarter of 2023, according to the "second" estimate. In the third quarter, real GDP increased 4.9 percent. The increase in the fourth quarter primarily reflected increases in consumer spending, exports, as well as state and local government...

Read More