Personal Income increased 0.3%, by $38.1 billion in February to $ 12,961.3 billion seasonally adjusted at annual rates, lower than the expected 0.4%, after increasing by 1.2% in January, the highest increase in nearly two years. Net of taxes Disposable Personal Income increased 0.3%, by $36 billion, to $11,692.4, after increasing by 0.8% in January. Personal Consumption Expenditures increased by $69.1 billion, or 0.7%, the largest increase since October 2010, higher than the expected 0.6% increase, after increasing by 0.3% in January, revised upwards from an originally reported 0.2%. With the rate of spending exceeding the rate of income growth, the Personal Savings Rate decreased to 5.8% of disposable income, after increasing to 6.1% in January, originally reported at 5.8%.
Upcoming Releases
Consumer Confidence (03/29 at 10:00 AM EST)
Crude Inventories (03/30 at 10:30 AM EST)
Initial Claims (03/31 at 8:30 AM EST)
Factory Orders (03/31 at 10:00 AM EST)
