Research >> Economics
Personal Income increased 0.5%, Spending up 0.6%
Personal income increased $67.0 billion, or 0.5 percent, and disposable personal income (DPI) increased $64.4 billion, or 0.6 percent, in March, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $60.7 billion, or 0.6 percent. In February, personal income increased $53.1 billion, or 0.4 percent, DPI increased $49.6 billion, or 0.4 percent, and PCE increased $94.4 billion, or 0.9 percent, based on revised estimates.
Real disposable income increased 0.1 percent in March, compared with an increase of less than 0.1 percent in February. Real PCE increased 0.2 percent, compared with an increase of 0.5 percent.
Posted: April 29, 2011 Friday 08:30 AM