Personal Income Slid 13.1% in April
Washington, DC, May 28, 2021-Personal income decreased $3.21 trillion (13.1%) in April, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) decreased $3.22 trillion (14.6%), and personal consumption expenditures (PCE) increased $80.3 billion (0.5%).
Real DPI decreased 15.1% in April, and Real PCE decreased 0.1%; goods decreased 1.3% and services increased 0.6%. The PCE price index increased 0.6%. Excluding food and energy, the PCE price index increased 0.7%.