Real Consumer Spending Slows Slightly

PI_0531_1Personal income remained flat in April after increasing 0.3 percent in March. Wages and salaries, the largest component of personal income, remained flat in April after increasing 0.2 percent in March.

Current-dollar disposable personal income (DPI), after-tax income, decreased 0.1 percent in April after increasing 0.2 percent in March.

Real DPI, income adjusted for taxes and inflation, increased 0.1 percent in April after increasing 0.3 percent in March.

Real consumer spending, spending adjusted for price changes, rose 0.1 percent in April after rising 0.2 percent in March. Spending on services turned down, while spending on durable and nondurable goods turned up.

PCE prices decreased 0.3 percent in April after decreasing 0.1 percent in March. Excluding food and energy, PCE prices were flat after rising 0.1 percent.

PI_0531_2Personal saving rate
Personal saving as a percent of DPI was 2.5 percent in April, the same as in March.

To learn more about personal income and outlays, read the full report.

 

 



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