Seeking Alpha

The Business In...'s  Instablog

The Business Insider
Send Message
The Business Insider (TBI) is a business site with deep financial, entertainment, green tech and digital industry verticals. The flagship vertical, Silicon Alley Insider, was launched on July 19, 2007, and led by DoubleClick founders Dwight Merriman and Kevin Ryan and former top-ranked Wall... More
My company:
The Business Insider
My blog:
The Business Insider
  • Consumer Spending Worse Than Expected 0 comments
    May 28, 2010 11:09 AM

    Consumer spending did not change in April, while economists surveyed by Reuters expected an increase of 0.3%.

    Consumer income also disappointed with a 0.4% rise, while economists expected an increase of 0.5%.

    From the BEA:

    Personal income increased $54.4 billion, or 0.4 percent, and disposable personal income (DPI) increased $57.6 billion, or 0.5 percent, in April, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $4.0 billion, or less than 0.1 percent.  In March, personal income increased $46.7 billion, or 0.4 percent, DPI increased $44.1 billion, or 0.4 percent, and PCE increased $59.8 billion, or 0.6 percent, based on revised estimates.

    Real disposable income increased 0.5 percent in April, compared with an increase of 0.3 percent in March.  Real PCE increased less than 0.1 percent, compared with an increase of 0.5 percent.

    bea

    Wages and salaries

    Private wage and salary disbursements increased $24.4 billion in April, compared with an increase of
    $13.7 billion in March.  Goods-producing industries' payrolls increased $5.8 billion, compared with
    an increase of $4.1 billion; manufacturing payrolls increased $4.5 billion, compared with an increase
    of $1.6 billion.  Services-producing industries' payrolls increased $18.6 billion, compared with an
    increase of $9.6 billion.  Government wage and salary disbursements increased $1.9 billion, compared
    with an increase of $2.9 billion.

    ...

    Personal outlays and personal saving

    Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased
    $1.8 billion in April, compared with an increase of $61.9 billion in March. PCE increased $4.0 billion,
    compared with an increase of $59.8 billion.

    Personal saving -- DPI less personal outlays -- was $398.5 billion in April, compared with $342.7 billion
    in March.  Personal saving as a percentage of disposable personal income was 3.6 percent in April,
    compared with 3.1 percent in March.  For a comparison of personal saving in BEA’s national income and
    product accounts with personal saving in the Federal Reserve Board’s flow of funds accounts and data
    on changes in net worth, go to www.bea.gov/national/nipaweb/Nipa-Frb.asp.

    See the official release from the BEA here >



    Disclosure: No Positions
    Themes: Economy, Consumer
Back To The Business Insider's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.