News Release

EMBARGOED UNTIL RELEASE AT 10:00 A.M. EST, Thursday, December 22, 2016
BEA 16-72

Personal Income and Outlays, November 2016

Personal income increased $1.6 billion (less than 0.1 percent) in November according to estimates
released today by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased
$1.3 billion (less than 0.1 percent) and personal consumption expenditures (PCE) increased $24.0 billion
(0.2 percent).

Real DPI decreased 0.1 percent in November and Real PCE increased 0.1 percent. The PCE price index
increased less than 0.1 percent. Excluding food and energy, the PCE price index increased less than 0.1 percent.

								2016
						
						July     Aug.     Sept.     Oct.     Nov.
						Percent change from preceding month

Personal income:
 
 Current dollars 				0.4	 0.2	  0.4 	    0.5      0.0
Disposable personal income:
 
 Current dollars 				0.4      0.2      0.3       0.5      0.0

 Chained (2009) dollars 			0.3      0.1      0.1       0.2     -0.1

Personal consumption expenditures (PCE):

 Current dollars 				0.4      0.1      0.7       0.4      0.2

 Chained (2009) dollars 			0.3     -0.1      0.5       0.1      0.1

Price indexes:

 PCE 						0.1      0.2      0.2       0.3      0.0

 PCE, excluding food and energy 		0.2      0.2      0.1       0.1      0.0



Price indexes:					Percent change from month one year ago

 PCE 						0.9      1.0      1.2       1.4      1.4

 PCE, excluding food and energy 		1.6      1.7      1.7       1.8      1.6

The increase in personal income in November primarily reflected increases in personal interest income
and rental income of persons that were mostly offset by a decrease in wages and salaries (table 3).

The increase in real PCE in November primarily reflected an increase in spending for services (table 7).

Personal outlays increased $26.8 billion in November (table 3). Personal saving was $780.9 billion
in November and the personal saving rate, personal saving as a percentage of disposable personal
income, was 5.5 percent (table 1).

Updates

Estimates have been updated for July through October. The percent change from the preceding month
for current-dollar personal income, and for current-dollar and chained (2009) dollar DPI and PCE
-- revised and as published in last month's release -- are shown below.



							Change from preceding month

						  September 				 October

				Previous   Revised   Previous   Revised   Previous   Revised   Previous   Revised
			       (Billions of dollars)      (Percent)      (Billions of dollars)      (Percent)

Personal income:

 Current dollars 		    63.2      58.8        0.4       0.4       98.6      78.0        0.6       0.5

Disposable personal income:

 Current dollars 		    51.1      47.6        0.4       0.3       86.5      65.2        0.6       0.5

 Chained (2009) dollars 	    20.0      16.2        0.2       0.1       46.8      25.4        0.4       0.2
Personal consumption expenditures:

 Current dollars 		    89.5      90.2        0.7       0.7       38.1      51.4        0.3       0.4

 Chained (2009) dollars 	    57.0      57.0        0.5       0.5        6.1      16.0        0.1       0.1



				Next release:  January 30, 2017 at 8:30 A.M. EST
				   Personal Income and Outlays:  December 2016


Personal Income and Outlays Release Dates for 2017

December 2016..........January 30   April 2017.........May 30      August 2017........September 29
January 2017...........March 1      May 2017...........June 30     September 2017.....October 30
February 2017..........March 31     June 2017..........August 1    October 2017.......November 30
March 2017.............May 1        July 2017..........August 31   November 2017......December 22