Real Consumer Spending Rises in March

Personal income increased 0.2 percent in March after increasing 0.3 percent in Personal Income May 1 2017February. Wages and salaries, the largest component of personal income, increased 0.1 percent in March after increasing 0.5 percent in February.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.2 percent in March after increasing 0.3 percent in February.

Real DPI, income adjusted for taxes and inflation, increased 0.5 percent in March after increasing 0.2 percent in February.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in March after decreasing 0.1 percent in February. Spending for services increased 0.4 percent in March after decreasing 0.2 percent in February.

PCE prices decreased 0.2 percent in March after increasing 0.1 percent in February. Excluding food and energy, PCE prices decreased 0.1 percent in March after increasing 0.2 percent in February.

Personal saving rate
Personal saving as a percent of DPI was 5.9 percent in March and 5.7 percent in February.

For more information, read the full report.

Personal Income Chart May 1 2017


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