US Personal Spending Flat but Income Rises


Personal spending was unchanged in April, following an upwardly revised 0.5 percent increase in the previous month due to lower demand for automobiles and utilities. Yet, personal income increased a better than expected 0.4 percent.

Personal income increased $59.4 billion, or 0.4 percent, and disposable personal income (DPI) increased $48.8 billion, or 0.4 percent, in April.

Personal consumption expenditures (PCE) decreased $2.6 billion, or less than 0.1 percent.  In March, personal income increased $4.0 billion, or less than 0.1 percent, DPI increased $0.5 billion, or less than 0.1 percent, and PCE increased $65.6 billion, or 0.5 percent, based on revised estimates.

Real DPI increased 0.3 percent in April, in contrast to a decrease of 0.2 percent in March. Real PCE decreased less than 0.1 percent, in contrast to an increase of 0.4 percent.

US Personal Spending Flat but Income Rises


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
6/1/2015 1:54:02 PM