US Personal Income Rises in March
According to estimates released by the Bureau of Economic Analysis, personal income increased by 0.3% or $67.9 billion in March. Disposable personal income (DPI) also increased by 0.4% or $71.7 billion, while personal consumption expenditures (PCE) increased by less than 0.1% or $8.2 billion. The PCE price index increased by 0.1%, and excluding food and energy, it increased by 0.3%.
US Real DPI Up, PCE Down
Real DPI increased by 0.3% in March, and real PCE decreased by less than 0.1%. This was due to a decrease of 0.4% in goods and an increase of 0.1% in services. Compensation, personal income receipts on assets, and rental income of persons saw an increase in March, but proprietors’ income and personal current transfer receipts decreased. Private wages and salaries led the increase in compensation, and the increase in personal income receipts on assets…
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