Personal Income remained virtually unchanged, increasing by $1.2 billion in February, or less than 0.1%, to $12,179.7 billion seasonally adjusted at annual rates, and was expected to increase by 0.1%, following a 0.3% increase in January, originally reported as an increase of 0.1%. Net of taxes Disposable Personal Income increased by $1.6 billion, or less than 0.1%, to $11,053.1 billion, after falling 0.2% in January, revised from a 0.4% decrease. Personal Consumption Expenditures increased by 0.3%, matching expectations, following a 0.4% increase in January, revised from a 0.5% increase. With personal consumption expenditures rising at a faster pace than income levels, the Personal Savings Rate decreased to 3.1% of disposable income from 3.4% in January.
Upcoming Releases
Case/Shiller Home Price Indices (03/30 at 9:00 AM EST)
Consumer Confidence (03/30 at 10:00 AM EST)
Consumer Confidence (03/30 at 10:00 AM EST)
Factory Orders (03/31 at 10:00 AM EST)
Crude Inventories (03/31 at 10:30 AM EST)
