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Monday, April 30, 2018 Contact: Jeannine Aversa, (301)278-9003 Real Consumer Spending Increases in March Personal income increased 0.3 percent in March, the same increase as in February. Wages and salaries, the largest component of personal income, increased 0.2 percent in March after increasing 0.4 percent in February. Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in March, the same increase as in February. Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in March after increasing 0.1 percent in February. Real consumer spending (PCE), spending adjusted for price changes, increased 0.4 percent in March after decreasing 0.2 percent in February. Spending on durable goods increased 1.1 percent in March after decreasing 0.1 percent in February. PCE prices were unchanged in March after increasing 0.2 percent in February. Excluding food and energy, PCE prices increased 0.2 percent in March, the same increase as in February. Personal saving rate Personal saving as a percent of DPI was 3.1 percent in March after 3.3 percent in February. Jan. Feb. Mar. Personal Income 0.4% 0.3% 0.3% Currentdollar DPI 0.9% 0.3% 0.3% Real DPI 0.5% 0.1% 0.2% Real PCE –0.1% –0.2% 0.4% PCE Prices 0.4% 0.2% 0.0% 3.0% 3.3% 3.1% Personal Saving Rate Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.6 0.4 0.2 0.0 -0.2 -0.4 Dec. Jan. Real Disposable Personal Income Feb. Mar. Real Consum er Spending Source: Bureau of Economic Analysis BEA statistics—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 at www.bea.gov. E-mail alerts are also available. NOTE: On May 31, 2018 the April estimates of Personal Income and Outlays will be released.
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