Economy Growth Rate Is Slowing

The growth rate of the economy is slowing, according to the latest figures released from the Bureau of Economic Analysis. Back in August 2013, personal income grew at .5% and then is September grew at .4% but then in October, November, December started to wane with December’s growth less than .1 percent. This means we should prepare for a slower growth economy and possibly a stagnant one to come over the next 12 months.

Personal income increased $2.3 billion, or less than 0.1 percent, and disposable
personal income decreased $3.8 billion, or less than 0.1 percent, in
December according to the Bureau of Economic Analysis. Personal consumption
expenditures increased $44.1 billion, or 0.4 percent. In November,
personal income increased $29.8 billion, or 0.2 percent, DPI increased $14.4
billion, or 0.1 percent, and PCE increased $74.8 billion, or 0.6 percent, based
on revised estimates.

 

Table of Personal Income

table personal income
table personal income

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