More Good Economic News-Personal Income Up For Feb 2012

By Robert Hand
March 30, 2012

Just out today is the news that personal income for last month increased 0.2%, meaning that the consumer is doing well which can spur consumer spending which can create demand for commercial real estate development.

Personal income increased $28.2 billion, or 0.2 percent, and disposable personal income (DPI) increased $18.9 billion, or 0.2 percent, in February, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $86.0 billion, or 0.8 percent.  In January, personal income increased $26.5 billion, or 0.2 percent, DPI increased $5.0 billion, or less than 0.1 percent, and PCE increased $40.9 billion, or 0.4 percent, based on revised estimates.  While a growth in personal income for February 2012 of 0.2% may seem small, it shows the economy continues to stay out of the recession of 2008. The chart below shows personal income by quarter since 2004 and ending 2011.The last 9 quarters have witnessed positive growth.

Positive growth in personal income leads to consumer spending which drives commercial real estate development.

Louisiana Commercial Realty

Commercial Real Estate Experts
Robert Hand, MBA, CCIM, SIOR
Licensed in Louisiana & Mississippi
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