Income Grows Slower at 1.8% in October 2013

According to the Bureau of Economic Analysis, October real disposable income was $11,733 billion real dollars (seasonally adjusted at an annual rate). The month-over-month rate of growth in October, 1.8%, was slower than the previous two months. But, this rate of growth was still faster than every other month in 2013. The annual rate of change remained unchanged at 1.7%, which is fairly similar to what it has been since April 2012. 

Real personal income is one of the earliest leading indicators for the following end markets: aerospace; construction materials; custom processors; electronics, computers and telecommunications equipment; food and beverage processing; forming and fabricating (non-auto); hardware; HVAC; industrial motors, hydraulics and mechanical components; machinery and equipment manufacturing; metalcutting job shops; oil, gas field and mining machinery; power generation; primary metals; and printing.