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Sep Personal Income and Outlays: Income +0.4% m/m vs. +0.4% expected, +0.1% prior. Personal...

Sep Personal Income and Outlays: Income +0.4% m/m vs. +0.4% expected, +0.1% prior. Personal spending +0.8% m/m +0.6% expected, +0.5% prior. PCE core price index +0.1% in-line with expectations, +0.1% prior.
Comments (1)
  • CautiousInvestor
    , contributor
    Comments (3062) | Send Message
     
    I know the immediate meme is that the economy is recovering and that we should receive and review this report in that context. Sadly, though, the facts argue otherwise. In real terms, personal disposable income remained flat in September while real expenditures rose .4%, meaning that savings had to fall by the difference (.4). And sure enough, savings fell from 3.7% in August to 3.3% in September.
    29 Oct 2012, 12:41 PM Reply Like
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