Personal Income Declines -0.1%, Real Consumer Spending Flatlines for August 2011

The Personal Income and Outlays report for August covers individual income, consumption and savings. Overall the report shows America flatlining again economically. Personal consumption expenditures, called by the press consumer spending, increased 0.2% and in real dollars, flat lined, zero change from July to August.

Personal Income, Consumption & Outlays for October 2010

The BEA economic report personal income & outlays was released last Wednesday, but since PCE greatly affects GDP, it's worth reviewing, despite the tardiness of this piece.

Personal income increased 0.5% in October and PCE or personal consumption expenditures increased 0.3%. In September personal income was a big fat 0%. Below is the percent change in personal income and then the raw values.