Personal Income Declined While Spending Rose in October

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Personal Income Declined While Spending Rose in October

Washington, DC, November 25, 2020-Personal income decreased $130.1 billion (0.7%) in October, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased $134.8 billion (0.8%), and personal consumption expenditures (PCE) increased $70.9 billion (0.5%).

Real DPI decreased 0.8% in October and Real PCE increased 0.5%. The PCE price index was unchanged from September. The PCE price index excluding food and energy was also unchanged.