Research >> Economics
Personal Income increased 0.4%, Spending up less than 0.1%
Personal income increased $54.4 billion, or 0.4 percent, and disposable personal income (DPI) increased $57.6 billion, or 0.5 percent, in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $4.0 billion, or less than 0.1 percent. In March, personal income increased $46.7 billion, or 0.4 percent, DPI increased $44.1 billion, or 0.4 percent, and PCE increased $59.8 billion, or 0.6 percent, based on revised estimates.
Real disposable income increased 0.5 percent in April, compared with an increase of 0.3 percent in March. Real PCE increased less than 0.1 percent, compared with an increase of 0.5 percent.
Posted: May 28, 2010 Friday 08:30 AM