US personal spending up by 0.7% in December - Breaking The News

US personal spending up by 0.7% in December

31 January

1 min read

EPA-EFE/JASON SZENES

Personal spending in the United States increased by 0.7% in December compared to the previous month, according to a report by the Bureau of Economic Analysis on Friday. Personal income added $92 billion or 0.4% on a monthly basis.

The personal consumption expenditures (PCE) price index rose by 0.3% month-on-month and grew by 2.6%, in line with expectations. Annual core PCE inflation, excluding food and energy, stood at 2.8%.

personal spending data

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