by Calculated Threat on 11/27/2024 10:13:00 AM
The BEA launched the Private Revenue and Outlays, October 2024 report for October:
Private revenue elevated $147.4 billion (0.6 p.c at a month-to-month price) in October, in line with estimates launched right now 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 p.c) and private consumption expenditures (PCE) elevated $72.3 billion (0.4 p.c).
The PCE worth index elevated 0.2 p.c in October. Excluding meals and power, the PCE worth index elevated 0.3 p.c. Actual DPI elevated 0.4 p.c and actual PCE elevated 0.1 p.c; items elevated lower than 0.1 p.c and providers elevated 0.2 p.c.
emphasis added
The October PCE worth index elevated 2.3 p.c year-over-year (YoY), up from 2.1 p.c YoY in September, and down from the latest peak of seven.0 p.c in June 2022.
The next graph reveals actual Private Consumption Expenditures (PCE) by way of October 2024 (2017 {dollars}). Be aware that the y-axis does not begin at zero to higher present the change.
Click on on graph for bigger picture.
The dashed pink traces are the quarterly ranges for actual PCE.
Private revenue was above expectations, and PCE was at expectations.
Inflation was near expectations.
