Real Consumer Spending Rises in December

The Bureau of Economic Analysis reports real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in December 2017 after increasing 0.5 percent in November. Spending on durable goods increased 0.8 percent in December after increasing 1.1 percent in November.

Personal income increased 0.4 percent in December after increasing 0.3 percent in November. Wages and salaries, the largest component of personal income, increased 0.5 percent in December after increasing 0.4 percent in November.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in December, the same increase as in November.

Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in December after no change in November.

Personal savings as a percent of DPI was 2.4 percent in December after 2.5 percent in November.

For more information, read the full report.