US personal spending climbs 0.2% in November - Breaking The News
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US personal spending climbs 0.2% in November

Economy
Christian Baha / AB

1 min read

EPA-EFE/SARAH YENESEL

Personal consumption expenditures (PCE) in the United States grew by $46.7 billion, or 0.2%, in November compared to the previous month, the country's Bureau of Economic Analysis announced in a report published on Friday.

The PCE price index was down 0.1% on a monthly and up 2.6% on an annual basis. Excluding food and energy, the index was 0.1% higher than in October, while increasing 3.2% year-over-year. The Federal Reserve closely monitors the latter figure as its primary gauge of inflation and factors it in when determining monetary policy.

The report showed that, in November, personal income grew by $81.6 billion, or 0.4%. Disposable personal income (DPI) advanced by 0.4%, while real PCE increased by 0.3% and real DPI grew by 0.4% compared to the previous month.

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