CONSUMER SPENDING ROSE MODESTLY IN NOVEMBER

Key Points:

  • U.S. consumer spending rose by 0.1%, or $19.8 Billion, in November, down from 0.9% in October.
  • Personal income increased by 0.4%, or $80.1 Billion, in November, down from 0.7% in October.
  • The overall personal consumption expenditures price index rose 0.1% in November and is up 5.5% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.2% in November and is up 4.7% from a year prior.
  • The Right Facts will continue to monitor spending and income.
Source