The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
MONDAY March 29, 2010 CONSUMER SPENDING PICKS UP IN FEBRUARY Personal income remained unchanged in February after increasing 0.3 percent in January. Wages and salaries, the largest component of personal income was also flat after increasing 0.4 percent in January. Real disposable personal income (DPI), income adjusted for inflation and taxes, was flat in February, after declining 0.4 percent in January. Real consumer spending, spending adjusted for price changes, increased 0.3 percent in February, after increasing 0.2 percent in January. PCE prices were flat in February, compared to a 0.2 percent increase in January. PCE prices excluding food and energy prices were also flat in February, as they were in January. Personal saving rate Personal saving as a percent of disposable personal income was 3.1 percent in February. Average, last 12 months January Personal Income 0.2 % 0.3 % 0.0 % Real DPI 0.1 % –0.4 % 0.0 % Real PCE 0.1 % 0.2 % 0.3 % PCE Prices 0.1 % 0.2 % 0.0 % 12-month average January February 4.1 % 3.4 % 3.1 % Personal Saving Rate February Real Disposable Personal Income and Real Consumer Spending Percent change (monthly) 1. 0 0.5 Real Disposable Personal Income 0.0 Real Consumer Spending - 0.5 - 1. 0 Nov Dec Jan Feb 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 May 3, 2010, the March estimates of personal income and outlays will be released. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
@FedFRASER