United States Personal Spending

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Consumption rose faster for nondurable goods (1 percent compared to 0.3 percent in December) but was flat for services (0.4 percent in December) and fell for durable goods (-0.3 percent compared to +1.7 percent in December).

Personal income rose 0.4 percent, higher than 0.3 percent in December and above market expectations of 0.3 percent. It primarily reflected increases in wages and salaries and personal current transfer receipts that were partially offset by an increase in contributions for government social insurance.

Personal outlays increased $24.0 billion and personal saving was $795.7 billion. The personal saving rate, personal saving as a percentage of disposable personal income, was 5.5 percent.

Disposable personal income (DPI) increased 0.3 percent. In contrast, real DPI fell 0.2 percent and real PCE decreased 0.3 percent, mainly due to falls in spending for services, notably  utilities, and durable goods.

The PCE price index rose 0.4 percent from December after a 0.2 percent gain in the previous period. Excluding food and energy, the PCE price index went up 0.3 percent after a 0.1 percent rise in December. 

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  1. United States Personal Consumption Expenditure Price Index The price index for consumer spending in the United States increased 0.4 percent in January of 2017 from December 2016, following 0.2 percent rise in the previous period. It was the biggest increase since February 2013. Cost of goods went up 0.9 percent (0.1 percent in December) and prices of services increased 0.2 percent (at the same pace as in December). Compared to the same month a year earlier, the PCE price index went up 1.9 percent, following 1.6 percent in the previous month. Excluding food and energy, prices increased 0.3 percent, above market expectations of 0.2 percent. Year-on-year, core...

  2. United States Core Personal Consumption Expenditure Price Index The price index for consumer spending excluding food and energy in the United States increased 0.3 percent in January of 2017 from December 2016, following 0.1 percent rise in the previous period and higher than expectations of 0.2 percent. Year-on-year, core PCE prices increased 1.7 percent, the same as in December. Core Pce Price Index in the United States averaged 60.45 Index Points from 1959 until 2017, reaching an all time high of 112.41 Index Points in January of 2017 and a record low of 17.60 Index Points in January of 1959.  Export Data  API Access Please Paste this Code...

  3. Japan Disposable Personal Income Disposable Personal Income in Japan decreased to 360.50 JPY Thousand in January from 769.63 JPY Thousand in December of 2016. Disposable Personal Income in Japan averaged 338.72 JPY Thousand from 1963 until 2017, reaching an all time high of 1079.95 JPY Thousand in December of 1991 and a record low of 35.36 JPY Thousand in January of 1963.  Export Data  API Access Please Paste this Code in your Website source: tradingeconomics.com This page provides – Japan Disposable Personal Income – actual values, historical data, forecast, chart, statistics, economic calendar and news. Japan Disposable Personal Income – actual data, historical chart...

  4. India Total Disposable Personal Income Disposable Personal Income in India increased to 154965120 INR Million in 2016 from 138192890 INR Million in 2015. Disposable Personal Income in India averaged 18084170.30 INR Million from 1950 until 2016, reaching an all time high of 154965120 INR Million in 2016 and a record low of 91540 INR Million in 1950.  Export Data  API Access Please Paste this Code in your Website source: tradingeconomics.com This page provides – India Total Disposable Personal Income – actual values, historical data, forecast, chart, statistics, economic calendar and news. India Total Disposable Personal Income – actual data, historical chart and calendar of releases...

  5. United States Personal Income Personal income in the United States rose by 0.4 percent month-over-month in January 2017, following a 0.3 percent increase in December and beating market expectations of a 0.3 percent gain. Wages and salaries went up by 0.4 percent, the same pace as in December, and personal current transfer receipts rose by 0.8 percent after growing by 0.3 percent in the previous month. Meanwhile, contributions for government social insurance, a subtraction in the calculation of personal income, climbed 1.6 percent after an increase of 0.3 percent in December. Personal Income in the United States averaged 0.54 percent from 1959 until 2017,...

  6. Italy Balance of Trade Year-on-year, exports rose 5.7 percent to €36.21 billion from €34.26 billion, boosted by higher sales of: Coke and refined petroleum products (21.8 percent); vehicles (21.3 percent); sport goods, games, musical instruments and other products (12.3 percent); substances and chemicals (11 percent); and base metals (9.7 percent). By contrast, exports fell for transport equipment (-17 percent). By main industrial groups, sales rose for: Energy (24.5 percent); intermediate goods (6.5 percent); capital goods (4.8 percent); and consumer goods (4.3 percent). The biggest increases in shipments were reported for China (20.9 percent); MERCOSUR countries (19.9 percent); Poland (19.1 percent); the US (12.1 percent);...

  7. Malaysia Unemployment Rate Year-on-year, prices increased at a faster pace for : recreation services & culture (+3.3 percent from +3.2 percent). Prices rose at a slower pace for :  food & non-alcoholic beverages (+3.7 percent from +3.8 percent in November), alcoholic beverages & tobacco (+0.1 percent from +1.9 percent), education (+1.7 percent from +1.9 percent) and health (+2.4 percent from +2.5 percent). Prices steady for : housing, water, electricity, gas & other fuels (2.1 percent); furnishing, household equipment and routine maintenance (+1.4 percent); restaurants & hotels (+1.9 percent), and miscellaneous goods & services (+1.8 percent). In contrast, downward prices pressure came from: clothing...

  8. Canada Current Account The balance on the international trade in goods posted a $0.8 billion surplus in the fourth quarter, following an $8.6 billion deficit the previous quarter. Total exports of goods rose $6.3 billion to $136.5 billion in the fourth quarter. Energy products, led by crude petroleum, were the major contributor with exports up $4.7 billion on higher prices and, to a lesser extent, higher volumes. Total imports of goods were down $3.1 billion to $135.8 billion. Industrial machinery, equipment and parts recorded the largest reduction, down $2.7 billion. This followed a high in the third quarter, with activity dominated by the import...

  9. Norway Balance of Trade Norway recorded a trade surplus of 23.54 NOK billion in February of 2017, a surge of 80.8 percent from the same month a year earlier, as exports jumped while imports fell. Year-on-year, sales grew by 18.0 percent to 71.24 NOK billion, driven by ships and oil platforms (728.5 percent), natural gas condensates (633.8 percent), crude oil (51.9 percent) and natural gas (21.8 percent). Imports declined by 3.7 percent to 47.71 NOK billion, mainly due to a 12.1 percent fall in purchases of food and live animals, a 10.3 percent drop in purchases of beverages and tobacco and...

  10. Germany Inflation Rate Year-on-year, cost of goods as a whole rose 3.2 percent, following a 2.7 percent rise in the preceding month, mainly due to the rise in energy and food prices. Energy prices as a whole increased by 7.2 percent in February, following a 5.9 percent rise in January. Prices went up sharply for heating oil (43.8 percent), followed by motor fuels (15.6 percent) and electricity (1.6 percent). By contrast, cost fell for charges for central and district heating (-4.7 percent) and gas (-3.2  percent). Excluding energy prices, the inflation rate would have been 1.7 percent; and excluding the prices of mineral oil products,...

  11. Philippines Personal Savings Personal Savings in Philippines decreased to 4061899.52 Million PHP in January from 4089543.13 Million PHP in December of 2016. Personal Savings in Philippines averaged 1907788.70 Million PHP from 2001 until 2017, reaching an all time high of 4089543.13 Million PHP in December of 2016 and a record low of 1124351.04 Million PHP in April of 2005.  Export Data  API Access Please Paste this Code in your Website source: tradingeconomics.com In Philippines, Personal Saving Rates correspond to the interest rate persons receive on their savings deposits during a certain period of time. This page provides – Philippines Personal Saving Rates –...

  12. Brunei Balance of Trade Brunei trade surplus decreased 41.5 percent year-on-year to BND 203.3 million in December of 2016 compared to a BND 347.7 million surplus a year earlier. Exports fell 23.7 percent, driven by lower sales of: mineral fuels (-27.7 percent), namely liquefied natural gas (-48.6 percent), and manufactured goods (-21.6 percent). Imports declined 4.5 percent due to lower purchases of: machinery and transport equipment (-11.5 percent); manufactured goods (-18.4 percent); miscellaneous manufactured articles (-7.2 percent); food (-3 percent) and crude materials inedible (-45.6 percent). Main export partners were Japan (30.6 percent of total exports); Malaysia (11.3 percent); China (11.1 percent). The highest...

  13. Singapore Balance of Trade Singapore recorded a trade surplus of 3.29 SGD billion in January of 2017, compared to a 5.80 SGD billion surplus a year earlier. It was the smallest trade surplus since October 2014, as total exports increased by 11.1 percent (following a 9.2 percent rise in December) while total imports surge 21.0 percent (compared to a 13.2 percent growth in the preceding month). Total trade rose 15.6 percent, after a 11.0 percent increase in a month earlier. In December 2016, trade surplus came in at 6.12 SGD billion. Balance of Trade in Singapore averaged 735.28 Million SGD from 1964 until 2017,...

  14. Macau Balance of Trade Macau trade deficit increased to MOP 4.28 billion in February of 2017, compared to a MOP 4.08 billion gap in a year earlier. Exports rose by 27.24 percent to MOP 0.90 billion, driven by tobacco & wine (99.6 percent), diamond & diamond jewellry (93.6 percent), non-textiles (32.4 percent), electronic components (14.2 percent), and watches (8.5 percent). Imports increased by 9.1 percent to MOP 5.18 billion, mainly boosted by watches (50.5 percent), followed by gold jewellry (20.6 percent), handbags & wallets (18.5 percent), garment & footwear (6.3 percent), mobile phone (5.9 percent), and food & beverages (3.4 percent)....

  15. Malaysia Balance of Trade Malaysia Trade Surplus Widens In February Malaysia reported a MYR 8.7 billion trade surplus in February of 2017, compared to a MYR 7.35 billion surplus a year earlier and beating market consensus of a MYR 6.05 billion surplus. Year-on-year exports surged 26.5 percent to MYR 71.8 billion, following a 13.6 percent rise in January and beating market consensus of a 17.9 percent growth. Exports increase for the fourth straight month boosted by electrical & electronic products (22.4 percent to MYR 24.6 billion, 34.2 percent of total exports), palm oil and palm based products (62.8 percent to MYR 7.0 billion, 9.7...

  16. Mexico GDP Annual Growth Rate The services sector rose 3.4 percent, above 3.2 percent in the preliminary estimate and the same as in the previous quarter. Activities increased faster for internal trade (2.6 percent form 1.3 percent in Q3); transportation (2.7 percent from 2.3 percent); restaurants and hotels (3.1 percent from 3 percent) and business support services and waste management and remediation (6.4 percent from 2.2 percent). In contrast, slowdown was seen for: financial and insurance (7.2 percent from 7.9 percent); professional, scientific and technical (4.4 percent from 7 percent); corporate services (1.7 percent from 6.6 percent); education (0.5 percent from 1.5 percent) and recreation...

  17. Peru Balance of Trade Peru trade balance shifted to USD 150 million surplus in January of 2017 from USD 507 million gap in the same period of the previous year. Sales jumped 25.9 percent to USD 3.1 billion, mainly driven by fisheries (483.3 percent), agriculture (31.1 percent), miseries (22.7 percent), oil and gas (97.9 percent), metallurgy and jewellery (40.9 percent). Imports fell 0.5 percent to USD 3 billion, led by industrial capital goods (-4.8 percent), transport equipment (-23.6 percent) and building materials (-41.4 percent). Balance of Trade in Peru averaged 75.02 USD Million from 1957 until 2017, reaching an all time...

  18. Macau Inflation Rate Consumer prices in Macau rose 1.76 percent year-on-year in January of 2017, compared to a 1.44 percent increase in the prior month. It was the highest inflation rate since July 2016, as upward prices pressure mainly came from: food & non-alcoholic beverages (1.69 percent from 1.85 percent in the prior month), transport (8.12 percent from 6.69 percent), household goods & furnishings (0.88 percent from 0.65 percent), health (3.26 percent from 3.86 percent), recreation & culture (9.03 percent from -0.39 percent), education (7.38 percent from 7.38 percent) and miscellaneous goods and services (1.84 percent from 1.02 percent). In contrast, cost fell...

  19. United Arab Emirates Inflation Rate Consumer prices in the United Arab Emirates increased 2.3 percent year-on-year in January of 2017, following a 1.2 percent rise in the previous month. Prices rose at a faster pace for housing and utilities (2.2 percent vs 1.6 percent in December); transportation (4.4 percent vs 0.4 percent); food and non-alcoholic beverages (0.6 percent vs 0.5 percent); miscellaneous goods and services (9.3 percent vs 2.3 percent); and health (5.7 percent vs 5.4 percent). On a monthly basis, consumer prices rose 0.7 percent compared to a 0.3 percent drop in December. Inflation Rate in the United Arab Emirates averaged 2.17 percent from...

  20. Italy Consumer Price Index (CPI) Consumer Price Index CPI in Italy increased to 101 Index Points in February from 100.60 Index Points in January of 2017. Consumer Price Index CPI in Italy averaged 44.87 Index Points from 1957 until 2017, reaching an all time high of 101 Index Points in February of 2017 and a record low of 3.60 Index Points in February of 1957.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=italyconpriindcpi&v=201703160122t&h=300&w=600&ref=/italy/consumer-price-index-cpi’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/italy/consumer-price-index-cpi’>tradingeconomics.com</a> In Italy, the most important categories in the Consumer Price Index are: food...