Personal Income increased 0.4% in April, Spending increased 0.4%

The BEA released the Personal Income and Outlays report for April: Personal income increased $58.4 billion (0.4 percent) in April according to estimates released today by the Bureau of Economic Analysis. ... personal consumption expenditures (PCE) increased $53.2 billion (0.4 percent). ... Real PCE increased 0.2 percent. The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.2 percent. The April PCE price index increased 1.7 percent year-over-year and the April PCE price index, excluding food and energy, increased 1.5 percent year-over-year. The......(read more)

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