FXstreet.com (Barcelona) - Personal spending has decreased its increases rate as expectations in the United States in April, personal income and PCE prices slowed down, according to the latest Personal Income and Outlays report published by the Commerce Department.
Personal income rose 0.2% in April or 20.1 billion, down from the 0.3% increase posted in March. Real disposable income decreased 0.1% in April, in contrast to increased 0,1% posted in March.
Personal Spending has reduced its pace to 0.2% in April from 0.4 posted on March. Data was according to market expectations.
Personal consumption expenditures price index has increased 0,1% in April from march, lower than march increased of 0,2%, but according to expected. Year to year, PCE prices increased 2.1% in April, the same rate posted on March and according to expectations.