Disposable Personal Income And Consumption Soar In November

The Bureau of Economic Analysis reports that both disposable personal income and personal consumption expenditures saw huge gains in November.

Real disposable personal income increased 0.8% last month. This follows a 0.1% decline in October, and is the largest month over month gain since May of 2009. Real disposable personal income is now up 2.5% from a year ago.

Change in Real DPI 650x433 Disposable Personal Income And Consumption Soar In November

Real personal consumption expenditures increased 0.6% in November. This compares to a 0.2% decrease in October and leaves real personal consumption expenditures up 2.1% year over year.

Change in Real PCE 650x433 Disposable Personal Income And Consumption Soar In November

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