FXstreet.com (Barcelona) - Personal Consumption expenditures rose by 1.1% in November, a $110.6 billion dollars increase, following the upwardly revised 0.4% rise posted in October, according to the latest information by Bureau of Economic Analysis.
Market consensus was a lower increase by 0.6% on the month. Personal income rose by 0.4% in November, above the 0.2% increase registered in October, but slightly below market expectations of a 0.5% increase. In current dollars the increase in personal income implies $43.1 billion.
On yearly basis the price index of the personal consumption expenditures excluding food and energy rose by 2.2% in November after posting a revised 2.0% increase in October. The initial estimation for growth was 1.9% in October. The price index registered a monthly increase by 0.2% in November and October.