Personal Income increased 0.4%, by $54.4 billion in April, to $12,265.2 billion seasonally adjusted at annual rates, lower than the expected 0.5% increase, following a 0.4% increase in March, originally reported as a 0.3% increase. Net of taxes Disposable Personal Income increased 0.5%, by $57.6 billion, to $11,183.7 billion, after rising by 0.4% in March, originally reported as a 0.3% increase. Personal Consumption Expenditures remained unchanged against expectations of a 0.2% increase, following a 0.6% increase in March. With personal consumption expenditures remaining unchanged, the Personal Savings Rate increased to 3.6% of disposable income, from 3.1% in March, the lowest level since October 2008, originally reported at 2.7%.
Upcoming Releases
ISM Manufacturing Index (06/01 at 10:00 AM EST)
Construction Spending (06/01 at 10:00 AM EST)
Construction Spending (06/01 at 10:00 AM EST)
Pending Home Sales (06/02 at 10:00 AM EST)
Non-Farm Productivity (06/03 at 8:30 AM EST)
