US Personal Spending Growth Quickens as Prices Climb Faster

Source: Bureau of Economic Analysis

Personal spending growth in the United States rebounded in March, in line with the acceleration of the growth of prices during the period. QQQ is down 1.97%, while SPY is down 1.63%.

• Personal spending posted a monthly increase of 1.1% in March, faster than the 0.6% in February but lower than the 2.0% in the first month of the year.
• Personal income for the month increased by 0.5%, slower than the 0.7% growth in February but faster than the 0.2% in January.
• Disposable personal income in current dollars increased by 0.5%, slower than the 0.7% recorded in February but higher than the 0.3% in January.
• The personal consumption expenditures price indexes posted a 6.6% annual increase, up from 6.3% in the previous month. Monthly growth was at 0.9% after 0.5% in February.