Personal Income increased 1.0%, the largest increase since May 2009, by $133.2 billion in January to $ 12,897.3 billion seasonally adjusted at annual rates, higher than the expected 0.6%, after increasing by 0.4% in December. Net of taxes Disposable Personal Income increased 0.7%, by $78.3 billion, to $ 11,629.4, after increasing by 0.4% in December. Personal Consumption Expenditures increased by $23.7 billion, or 0.2%, the smallest increase in seven months, lower than the expected 0.4% increase, after increasing by 0.5% in December, revised downwards from an originally reported 0.7%. With the rate of income growth exceeding the rate of spending, the Personal Savings Rate increased to 5.8% of disposable income, after decreasing to 5.4% in December, originally reported at 5.3%.
Zacks Investment Research is one of the most highly regarded firms in the investment industry. In 1978 Zacks originated the concept of utilizing earnings estimates revisions to make profitable investment decisions. Zacks offers multiple investment products and services to help investors achieve superior returns.