Tainted Alpha

(For December 2010)

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

Chart 1. U.S. Personal Income

U.S. consumer spending rose 0.7% in December vs. 0.5% consensus and 0.3% November reading (revised from 0.5%). On y-o-y level consumer spending is up 4.1%.

Chart 2. U.S. Consumer Spending

U.S. personal savings as a percentage of disposable income fell 0.2% to 5.3%. November reading was revised to 5.5%

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 Monday, January 31st, 2011 at 8:45 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.