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MONDAY May 3, 2010 CONSUMER SPENDING RISES IN MARCH Personal income increased 0.3 percent in March after increasing 0.1 percent in February. Wages and salaries, the largest component of personal income, increased 0.2 percent after increasing 0.1 percent. Real disposable personal income (DPI), income adjusted for inflation and taxes, increased 0.2 percent in March compared to no change in February. Real consumer spending, spending adjusted for price changes, increased 0.5 percent in March, the same increase as in February. PCE prices increased 0.1 percent in March, compared to virtually no change in February. Excluding food and energy, prices were also up 0.1 percent in March after virtually no change in February. Personal saving rate Personal saving as a percent of disposable personal income was 2.7 percent in March. Average, last 12 months February Personal Income 0.2 % 0.1 % 0.3 % Real DPI 0.1 % 0.0 % 0.2 % Real PCE 0.2 % 0.5 % 0.5 % PCE Prices 0.2 % 0.0 % 0.1 % 12-month average February Personal Saving Rate 4.0 % 3.0 % March March 2.7 % Real Disposable Personal Income and Real Consumer Spending Percent change (monthly) 1.0 0.5 Real Disposable Personal Income 0.0 -0.5 Real Consumer Spending -1.0 Dec Jan Feb Mar 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 28, 2010, the April estimates of personal income and outlays will be released. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce