Personal income decreased $25.3 billion, or 0.2 percent, and disposable personal income (DPI) decreased $25.1 billion, or 0.2 percent, in December, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) decreased $102.4 billion, or 1.0 percent. In November, personal income decreased $44.0 billion, or 0.4 percent, DPI decreased $33.9 billion, or 0.3 percent, and PCE decreased $77.8 billion, or 0.8 percent, based on revised estimates. Real disposable income increased 0.3 percent in December, compared with an increase of 0.8 percent in November.

Real PCE decreased 0.5 percent, in contrast to an increase of 0.3 percent. The price index for PCE decreased 0.5 percent, compared with a decrease of 1.1 percent. What this means for the landscape industry could be fewer opportunities for private residential jobs. You may want to look at the municipal or public sector for bids.