Keeping you up to date on the latest data releases.
- Personal Income
Nominal personal income increased at a nonannualized rate of 0.4 percent in March, following increases of 0.3 percent in both January and February. On a year-over-year basis, nominal income was up 3.2 percent, pulling the near-term (3-month) trend in year-over-year changes down from 3.8 percent to 3.4 percent. Disposable personal income—personal income less current taxes—increased 0.4 percent, following a 0.2 percent increase in February. After decreasing 0.1 percent in each of the prior two months, “real” disposable personal income (DPI adjusted for price changes) increased 0.2 percent. “Real” DPI has been flat over the past three months, and is up only 0.6 percent over last year. Following 0.5 percent increase in February (caused primarily by a spike in services consumption) “real” personal consumption expenditures increased 0.1 percent in March. Services consumption was flat following a 0.4 percent jump in February, and consumption of durable goods, which increased 2.1 percent in February, decreased 0.2 percent. On a year-over-year basis, real consumption was up 1.8 percent, and the three month trend in year-over-year changes increased slightly, going from 1.8 percent to 1.9 percent.