US Personal Spending Picks Up in March

Personal consumption rose 0.4 percent in March, after expanding 0.2 percent in February. It is the biggest increase in four months, yet below market expectations of 0.5 percent growth.
BEA | Joana Taborda | joana.taborda@tradingeconomics.com 4/30/2015 2:10:23 PM
Personal income increased $6.2 billion, or less than 0.1 percent, and disposable personal income (DPI) increased $1.6 billion, or less than 0.1 percent.

Personal consumption expenditures (PCE) increased $53.4 billion, or 0.4 percent.  In February, personal income increased $66.4 billion, or 0.4 percent, DPI increased $61.2 billion, or 0.5 percent, and PCE increased $20.8 billion, or 0.2 percent, based on revised estimates.

Real DPI decreased 0.2 percent in March, in contrast to an increase of 0.3 percent in February. Real PCE increased 0.3 percent, in contrast to a decrease of less than 0.1 percent.

US Personal Spending Picks Up in March