Tainted Alpha

(For November 2010)

U.S. personal income rose 0.3% in November vs. 0.2% consensus and 0.4% rise in October. On y-o-y level the personal income is up 3.8%.

Chart 1. U.S. Personal Income

U.S. consumer spending rose 0.4% in November vs. 0.5% consensus and 0.7% October reading (revised from 0.4%). On y-o-y level the consumer spending is up 3.8%.

Chart 2. U.S. Consumer Spending

U.S. personal savings as a percentage of disposable income fell 0.1% to 5.3%.

Chart 3. U.S. Personal Savings – Percentage Of Disposable Income

Consumer spending is the bright spot of U.S. economy and it’s fueling U.S. economic growth, but if we take a broader look the imbalances that were among the causes of the recent recession are returning.

Consumer Spending, Personal Income, U.S. Personal Savings

This entry was posted on Thursday, December 23rd, 2010 at 8:21 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.