by Calculated Danger on 11/27/2024 10:13:00 AM
The BEA launched the Private Revenue and Outlays, October 2024 report for October:
Private earnings elevated $147.4 billion (0.6 p.c at a month-to-month fee) in October, in response to estimates launched as we speak by the U.S. Bureau of Financial Evaluation. Disposable private earnings (DPI), private earnings much less private present taxes, elevated $144.1 billion (0.7 p.c) and private consumption expenditures (PCE) elevated $72.3 billion (0.4 p.c).
The PCE value index elevated 0.2 p.c in October. Excluding meals and vitality, the PCE value index elevated 0.3 p.c. Actual DPI elevated 0.4 p.c and actual PCE elevated 0.1 p.c; items elevated lower than 0.1 p.c and providers elevated 0.2 p.c.
emphasis added
The October PCE value index elevated 2.3 p.c year-over-year (YoY), up from 2.1 p.c YoY in September, and down from the latest peak of seven.0 p.c in June 2022.
The next graph exhibits actual Private Consumption Expenditures (PCE) by October 2024 (2017 {dollars}). Observe that the y-axis would not begin at zero to raised present the change.
Click on on graph for bigger picture.
The dashed crimson traces are the quarterly ranges for actual PCE.
Private earnings was above expectations, and PCE was at expectations.
Inflation was near expectations.
