Personal Outlays Gain Even as Personal Saving Rate Ticks Slightly Higher
The Bureau of Economic Analysis (BEA) reported personal income rose $101.7 billion (0.5%) in November, exceeding the forecast range. The gain was primarily driven by better compensation for employees, as well as farm proprietors’ income, and personal interest income.
Forecasts ranged from a low of 0.2% to a high of 0.4%. The consensus forecast was 0.3%.
Disposable personal income (DPI) rose $87.7 billion (0.5%) and consumer spending continued to come in stronger than expected. Personal consumption expenditures (PCE) gained $64.9 billion (0.4%).
Forecasts ranged from a low of 0.2% to a high of 0.5%. The consensus forecast for spending was 0.4%.
Real DPI and real PCE rose 0.4% and 0.3%, respectively. The PCE price index increased 0.2%. Excluding food and energy, the PCE price index increased 0.1%.
The $37.8 billion increase in real PCE reflected an increase of $22.6 billion in spending for goods and a $17.1 billion increase in spending for services.
Personal outlays increased overall by $68.6 billion in November.
Personal saving was $1.31 trillion in November and the personal saving rate—personal saving as a percentage of disposable personal income—rose slightly to 7.9%.
daisymaria / July 29, 2026
I appreciate this clear summary of the latest economic data. I find it encouraging to see gains in personal income and consumer spending, although it’s always interesting to watch how inflation and future economic conditions may influence these trends. Reading updates like this helps me better understand the broader economy, and afterward I sometimes relax with EaglerCraft before getting back to work.
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