5/27, 2:30 PM (Source: TeleTrader)
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US personal spending up 0.9% in April

Personal consumption expenditures (PCE) in the United States rose by $152.3 billion, or 0.9%, in April compared to March, the country's Bureau of Economic Analysis announced in a report published on Friday.

The PCE price index was up 0.2% on a monthly and 6.3% on an annual basis. Excluding food and energy, the index was 0.3% higher from March, while increasing 4.9% year-over-year. The Federal Reserve considers the last figure as its main inflation indicator and takes it into account when determining monetary policy.

The report showed that, in April, personal income grew by $89.3 billion, or 0.4%. Disposable personal income (DPI) gained 0.3%, while Real PCE rose by 0.7% and Real DPI increased by less than 0.1% compared to the previous month.

Baha Breaking News (BBN) / MS