Washington, D.C. (PPD) — Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending was weaker than expected. Personal outlays fell by $141.5 billion in February.
Forecasts for personal income ranged from a low of -8.0% to a high of 2.8%, with the consensus -7.1%. The decline was largely the result of distortions from the stimulus payments that artificially drove up the upwardly revised 10.1% figure for January.
Disposable personal income (DPI) declined $1,532.3 billion (8.0%) and personal consumption expenditures (PCE), better known as consumer spending, was down more than expected by $149.0 billion (1.0%). Forecasts for PCE ranged from a low of -1.2% to a high of 0.6%, with the consensus -0.7%.
Personal saving was $2.41 trillion in February and the personal saving rate — defined as personal saving as a percentage of disposable personal income — was 13.6%.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
Initial jobless claims rose again for the week ending March 13, the previous week was…
This website uses cookies.
View Comments
wow, great post. it gave me a lot of useful information. I look forward to your next posts. Connections NYT
Wonderful post , i just amazed of seeing this.
donghuastream