Personal Income decreased 2.0% in March, Spending decreased 7.5%

The BEA released the Personal Income and Outlays report for March: Personal income decreased $382.1 billion (2.0 percent) in March according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased $334.6 billion (2.0 percent) and personal consumption expenditures (PCE) decreased $1,127.3 billion (7.5 percent). Real DPI decreased 1.7 percent in March and Real PCE decreased 7.3 percent. The PCE price index decreased 0.3 percent. Excluding food and energy, the PCE price index decreased 0.1 percent. The March PCE price index increased 1.3 percent ......(read more)

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