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Friday, May 22, 2020
HomeNewsEconomyPersonal Income Gains in February Easily Beat Forecast

Personal Income Gains in February Easily Beat Forecast

People count money at Macy's Herald Square store during the early opening of the Black Friday sales in the Manhattan borough of New York, November 26, 2015. (Photo: Reuters)

Personal Income and Outlays: Personal Saving Rate Rises

Washington, D.C. (PPD) — The Bureau of Economic Analysis reported personal income and outlays gained $106.8 billion (0.6%) and $28.4 billion in February, respectively.

The increase in personal income in February was driven by increases in compensation of employees and farm proprietors’ income ($34.1 billion).

Disposable personal income (DPI) rose $88.7 billion (0.5%) and personal consumption expenditures (PCE) by $27.7 billion (0.2%).

Real DPI gained 0.4% in February and Real PCE by 0.1%. The PCE price index rose 0.1%. Excluding food and energy, while the PCE price index increased 0.2%.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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