Research >> Economics
Personal Income down 0.2%, Spending up 0.2%
Personal income decreased $29.1 billion, or 0.2 percent, and disposable personal income (DPI) decreased $10.5 billion, or 0.1 percent, in February, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $17.2 billion, or 0.2 percent. In January, personal income increased $20.5 billion, or 0.2 percent, DPI increased $164.6 billion, or 1.6 percent, and PCE increased $94.8 billion, or 1.0 percent, based on revised estimates.
Real disposable income decreased 0.4 percent in February, in contrast to an increase of 1.3 percent in January. Real PCE decreased 0.2 percent, in contrast to an increase of 0.7 percent. The price index for PCE increased 0.3 percent, the same increase as in January.
Posted: March 27, 2009 Friday 08:30 AM