Source: Bureau of Economic Analysis
Personal income in the United States continued to grow in April, albeit at a slower pace, driven mainly by higher compensation during the month.
- Personal income increased by $89.3 billion or 0.4%, following the 0.5% growth in March. This is the second straight month of slower growth.
- Disposable personal income grew $48.3 billion or 0.3%, also slower than 0.4% in March.
- The increase was attributed to the increase in compensation and personal income receipts, which were partly offset by lower proprietors’ income.
- Real disposable personal income was flat from the previous month, following the 0.5% contraction in March.
- Personal consumption expenditures jumped by $152.3 billion or 0.9%, slower than 1.4% in March.
- Real personal consumption expenditures increased by 0.7%, faster than the 0.5% recorded in the previous month.
Leave a Reply