Personal Income Up 0.4%; Revisions to March Bring Savings Rate Down

Personal income increased $46.1 billion, or 0.4%, the third month in a row at this growth rate.

Personal consumption expenditures (PCE) increased $41.5 billion, or 0.4%, slightly less than the increase of 0.5% in March.

Personal income was revised downward significantly from the April report, therefore the savings rate has been revised as well, and is at 4.9% for both March and April.



5.27.11 (Source: Bureau of Economic Analysis)