US Personal Spending on the Rise

In a recent report by the Bureau of Economic Analysis, it was revealed that personal consumption expenditures (PCE) in the United States saw a significant increase of $134.5 billion, or 0.7%, in March compared to the previous month. This uptick highlights a resilient consumer spending trend amidst fluctuating economic indicators.

Price Index and Income Trends

The PCE price index experienced a slight contraction of 0.1% in March, with a notable 2.3% decrease from the same month last year. Excluding the volatile food and energy sectors, the PCE saw a modest 0.1% increase.

On the income front, personal income grew by $116.8 billion (0.5%), while disposable personal income (DPI) also rose by $102.0 billion, marking a 0.5% increase.