Personal income in November 2011 rose 0.1 percent. Nominal personal consumption expenditures (PCE) increased 0.1 percent while real PCE rose 0.2 percent. Nominal and real disposable personal income (DPI) were unchanged. The personal saving rate as a percentage of DPI was 3.5 percent in November.
Real gross domestic product (GDP) grew at an annual rate of 1.8 percent in the third quarter of 2011, according to today’s third estimate. This follows a growth rate of 1.3 percent in the second quarter of 2011.
The U.S. current account deficit decreased to $110.3 billion or 2.9% of gross domestic product (GDP) in the third quarter of 2011 – down from $124.7 billion or 3.3% of GDP in the second quarter.
Personal income in October 2011 rose 0.4 percent. Nominal and real personal consumption expenditures (PCE) increased 0.1 percent. Nominal and real disposable personal income (DPI) increased 0.3 percent. The personal saving rate as a percentage of DPI was 3.5 percent in October.
Real gross domestic product (GDP) grew at an annual rate of 2.0 percent in the third quarter of 2011, according to today’s preliminary estimate. This follows a growth rate of 1.3 percent in the second quarter of 2011.
