Personal Income up 0.2%, Personal Spending up 0.2%
Personal Income and Spending both rose 0.2% in October; Core PCE was up 0.2% month on month. Year on year PCE was up 2.9%, Core was up 1.9%. Real Disposable Income decreased 0.1% in October versus an increase of 0.2% in September. Purchases of Durable Goods decreased 0.6% versus and increase of 0.7% in September - this due largely to motor vehicles and parts. The percent change from the month a year ago shows a drop in durable goods purchases (-1.8%) but a sharp jump (4.5%) the Non-Durables suggesting sharp price increases are tipping consumer spending.