Personal Income Rose, Spending Declined in April

Washington, DC, May 29, 2020--Personal income increased $1.97 trillion (10.5%) in April, according to estimates released by the Bureau of Economic Analysis.

Disposable personal income (DPI) increased $2.13 trillion (12.9%), and personal consumption expenditures (PCE) decreased $1.89 trillion (13.6%).

Real DPI increased 13.4% in April, and Real PCE decreased 13.2%. The PCE price index decreased 0.5%. Excluding food and energy, the PCE price index decreased 0.4%.