US Personal Incomes Surge 0.4% in November as Prices Also Point Higher

Source: Bureau of Economic Analysis

Personal incomes in the US rose by 0.4% or $90.4 billion in November, accompanied by increased outlays of $106.3 billion in the month. SPY is up +0.24%, DXY is up +0.14%.

• Disposable personal income improved by $70.4 billion or 0.4%, with personal consumption expenditures up to $104.7 billion or 0.6%. Real DPI still shed 0.2%, while real PCE rose by a marginal 0.1%. 
• Personal savings hit $1.25 trillion, with the savings rate at 6.9%.
• The increase in personal incomes happens in an environment of rising prices, with the PCE price index up 5.7% from the prior year. 
• Energy prices led PCE price increases at 34% from the prior year, while food posted a 5.6% uptick in prices. The price index was up 4.7%, without including food and energy.