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