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Tuesday, October 19, 2021
HomeNewsEconomyPersonal Income Gains Double the Forecast in January

Personal Income Gains Double the Forecast in January

American flag and U.S. dollar financial and economy concept. (Photo: AdobeStock)

Personal income rose by $116.5 billion or 0.6% in January according to estimates released today by the U.S. Bureau of Economic Analysis (BEA). Disposable personal income (DPI) also rose 0.6%, or by $101.4 billion, while personal consumption expenditures (PCE) rose$29.6 billion (0.2%).

Forecasts for personal income ranged from a low of 0.3 % to a high of 0.5%. The consensus forecast was only 0.3%.

American flag and U.S. dollar financial and economy concept. (Photo: AdobeStock)
American flag and U.S. dollar financial and economy concept. (Photo: AdobeStock)

Real DPI gained 0.5% for the month and Real PCE ticked higher by 0.1%. The PCE price index also rose 0.1%. Excluding food and energy, the so-called core PCE price index also increased by 0.1%.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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