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Economic Data (USA)

Wednesday, November 26, 2008

Personal Income & Consumer Spending Report for October 2008

Earlier today, the Commerce Department's Bureau of Economic Analysis released their report on Consumer Spending and Personal Income during October 2008:

Personal Consumption Expenditures
(a.k.a. Consumer Spending)
Predicted: -0.9%
Actual: -1.0%

Personal Income
Predicted: +0.1%
Actual: +0.3%

The above percentages represent the month-to-month change in Consumer Spending and Personal Income for the entire United States. The "predicted" figure is what economists and Wall Street forecasters were expecting, while the "actual" is the true or real figure.

Click here to view the full Commerce Department report (PDF).

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