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MNI BRIEF: US Dec Personal Income Above Expected

MNI (Washington)
WASHINGTON (MNI)

U.S. personal income in December increased 0.6%, above expectations for a 0.1% gain. November personal income was revised down to -1.3% (prev -1.1%).

  • That was mainly driven by increases in government social benefits, compensation, and personal divided income, the BEA said.
  • December PCE fell 0.2% following a revised 0.7% drop in November (prev -0.4%).
  • The PCE price index was up 0.4% in December after an unrevised flat reading in November. From a year earlier, the PCE price index rose 1.3%.
  • The core PCE price index increased 0.3% in December, and was up 1.5% from one year ago.
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
USDataPolicy NewsHomepageData StoriesBriefStoryRegionNorth America
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
USDataPolicy NewsHomepageData StoriesBriefStoryRegionNorth America

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