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Thursday, April 30, 2020 Contact: Jeannine Aversa, (301) 278-9003 Personal Income and Outlays, March 2020 Jan. Feb. Mar. Personal Income 0.5% 0.6% -2.0% Current-dollar disposable personal income (DPI), after-tax income, decreased 2.0 percent in March after increasing 0.5 percent in February. CurrentDollar DPI 0.5% 0.5% -2.0% Real disposable personal income (DPI), adjusted for taxes and inflation, decreased 1.7 percent in March after increasing 0.4 percent in February. Real DPI 0.4% 0.4% -1.7% Real PCE 0.3% 0.1% -7.3% PCE Prices 0.2% 0.1% -0.3% Personal Saving Rate 7.7% 8.0% 13.1% Personal income decreased 2.0 percent in March after increasing 0.6 percent in February. Wages and salaries, the largest component of personal income, decreased 3.1 percent in March after increasing 0.5 percent in February. Real consumer spending (PCE), adjusted for price changes, decreased 7.3 percent in March after increasing 0.1 percent in February. Spending on services decreased 9.5 percent in March after increasing 0.3 percent in February, while spending on goods decreased 2.2 percent after decreasing 0.5 percent. PCE prices decreased 0.3 percent in March after increasing 0.1 percent in February. Excluding food and energy, PCE prices decreased 0.1 percent in March after increasing 0.2 percent in February. Personal saving rate Personal saving as a percent of DPI was 13.1 percent in March and 8.0 percent in February. 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 29, 2020, April 2020 estimates of Personal Income and Outlays will be released.
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