US: Personal income increased $65.1 billion (0.4%) in October

"Personal income increased $65.1 billion (0.4 percent) in October," the Bureau of Economic Analysis reported today.

Key takeaways

Disposable personal income (DPI) increased $66.1 billion (0.5 percent) and personal consumption expenditures (PCE) increased $34.4 billion (0.3 percent).

Real DPI increased 0.3 percent in October and Real PCE increased 0.1 percent.

The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent.

The increase in personal income in October primarily reflected increases in wages and salaries and personal interest income.

The $13.1 billion increase in real PCE in October reflected an increase of $11.4 billion in spending for goods and a $2.7 billion increase in spending for services.