Friday, May 31, 2019

Personal Income Increased 0.5% in April, Real PCE declined slightly

by Calculated Risk on 5/31/2019 08:36:00 AM

The BEA released the Personal Income and Outlays, April 2019:

Personal income increased $92.8 billion (0.5 percent) in April according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $69.3 billion (0.4 percent) and personal consumption expenditures (PCE) increased $40.8 billion (0.3 percent).

Real DPI increased 0.1 percent in April and Real PCE decreased less than 0.1 percent. The PCE price index increased 0.3 percent. Excluding food and energy, the PCE price index increased 0.2 percent.
The increases in personal income and spending were above expectations.   However real PCE declined slightly in April.

Core PCE was up 1.6% YoY in April (compared to 1.5% in March)