As we’re still catching up with the lost data from the government shutdown, here’s the latest data from the U.S. Bureau of Economic Analysis; Personal income increased $113.8 billion (0.4% at a monthly rate) in January. Disposable personal income (DPI – personal income less personal current taxes) increased $219.9 billion (0.9%), and personal consumption expenditures (PCE) increased $81.1 billion (0.4%). Personal outlays (the sum of PCE, personal interest payments, and personal current transfer payments) increased $85.8 billion in January. Personal saving was $1.05 trillion in January, and the personal saving rate (personal saving as a percentage of DPI) was 4.5 %.
Click here to read the full report at the Bureau of Economic Analysis.
