CONSUMER SPENDING, which accounts for more than two-thirds of U.S. economic activity, ??0.2% month-over-month (m-o-m) in January 2025, according to the Bureau of Economic Analysis. It was the first decline since March 2023 and the biggest decrease in nearly four years. Key takeaways from the report, released February 28th, 2025: ? When adjusted for inflation, consumer spending ??0.5% m-o-m, the biggest decline since February 2021, reversing December's 0.5% gain ? WAGES ??0.4% m-o-m ? PERSONAL INCOME???$221.9 billion (0.9% m-o-m), boosted by cost of living adjustments for social security recipients ? DISPOSABLE PERSONAL INCOME (DPI) — personal income less personal current taxes — ??$194.3 billion (0.9% m-o-m) ? PERSONAL CONSUMPTION EXPENDITURES?(PCE) ??$30.7 billion (0.2% m-o-m) ? PERSONAL OUTLAYS — the sum of PCE, personal interest payments, and personal current transfer payments — ??$52.7 billion ? PERSONAL SAVING?was $1.01 trillion ? PERSONAL SAVING RATE — personal saving as a percentage of disposable personal income — was 4.6%, a 7-month high ? SPENDING ON GOODS ??1.2% m-o-m, led by motor vehicles, recreational goods, household furniture, clothing and footwear, and food and beverages ? SERVICES OUTLAYS ??0.3% m-o-m, lifted by spending on housing and utilities, and food services and accommodation For more insights, ?? https://lnkd.in/eVfAJZCV ?? https://lnkd.in/gM42nWDV WinSolutions | Win on Impact supports investment in #southeastasia SMEs and startups?having viable sustainable innovations relating to #biodiversity, #healthyfood, #nutrition, #health and #healthcare for #EU market entry.
