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May 31, 2013 REAL CONSUMER SPENDING SLOWS SLIGHTLY IN APRIL Feb. Mar. Apr. Personal income remained flat in April after increasing 0.3 percent in March. Wages and salaries, the largest component of personal income, remained flat in April after increasing 0.2 percent in March. Personal Income 1.2% 0.3% 0.0% Current-dollar disposable personal income (DPI), after-tax income, decreased 0.1 percent in April after increasing 0.2 percent in March. Currentdollar DPI 1.2% 0.2% –0.1% Real DPI, income adjusted for taxes and inflation, increased 0.1 percent in April after increasing 0.3 percent in March. Real DPI 0.8% 0.3% 0.1% Real consumer spending, spending adjusted for price changes, rose 0.1 percent in April after rising 0.2 percent in March. Spending on services turned down, while spending on durable and nondurable goods turned up. Real PCE 0.4% 0.2% 0.1% PCE Prices 0.4% –0.1% –0.3% 2.5% 2.5% PCE prices decreased 0.3 percent in April after decreasing 0.1 percent in March. Excluding food and energy, PCE prices were flat after rising 0.1 percent. Personal saving rate Personal saving as a percent of DPI was 2.5 percent in April, the same as in March. Personal Saving Rate 2.4% BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE: On June 27, 2013, the May estimates of personal income and outlays will be released. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
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