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U.S. consumer spending increases in March.

WASHINGTON, May 1 (KUNA) - U.S. consumer spending increased 0.9 percent in March compared to a 0.5 percent increase in February, official data showed here Thursday.

The Department of Commerce indicated that personal income increased 0.5 percent and disposable personal income (DPI) increased USD 68.0 billion or 0.5 percent, in March.

It added that personal consumption expenditures (PCE) increased USD 107.2 billion or 0.9 percent. In February, personal income increased USD 54.3 billion, or 0.4 percent, DPI increased USD 47.6 billion, or 0.4 percent, and PCE increased USD 54.7 billion, or 0.5 percent, based on revised estimates.

Real DPI increased 0.3 percent in March, the same increase as in February. Real PCE increased 0.7 percent in March compared with an increase of 0.4 percent in February. (end) si.ajs

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Publication:Kuwait News Agency (KUNA)
Date:May 1, 2014
Words:159
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