Details from the December 2016 US personal income spending and PCE data report 30 January 2017
Prior 0.0%. Revised to 0.1%
- Spending 0.5% vs 0.5% exp m/m. Prior 0.2%
- Real spending 0.3% vs 0.1% prior m/m. Revised to 0.2%
- PCE 1.6% vs 1.7% exp y/y. Prior 1.4%
- 0.2% vs 0.0% prior m/m. Revised to 0.1%
- Core PCE 1.7% vs 1.7% exp y/y. Prior 1.6%. Revised to 1.7%
- 0.1% vs 0.1% exp m/m. Prior 0.0%
A soft looking report on the face of it, or rather a non hawkish report for the Fed. PCE was higher but missed expectations, Core PCE didn't rise vs last month because Nov was revised higher.
Incomes were meh. Spending held up with durables mostly seeing the colour of people's money.
US Personal income y/y
