Daily Management Review

‘Personal Income’ Index Rises While ‘Spending Trend’ Slips Down In The U.S.


The ‘spending’ figures and the personal income trends in the U.S. exhibit opposite movements.

At the end of March 2016, the U.S. witnessed a rise in its “personal income” percentage, whereby the increment was of “0.4%”. The said figure has come up after a revision of a “downwardly” “0.1%” that came about in the previous month of February 2016, reports the Department of Commerce.
According to the economists, the rise was to be of “0.3%”.
However, the spending figures went up by “0.1%” after a seasonal adjustment, while there was an expectation of an increment of “0.2%”. Digitalook reports:
“February’s figure was revised up to a 0.2% gain from 0.1% previously”.
Moreover, in the month of March 2016, the “core PCE price index” crawled up by “0.1%” as a result of “an upwardly-revised 0.2% rise in February”, whereby moving along the estimated path.
The Pantheon Macroeconomics believes that the spending trend took a hit due to the “temporary weakness in autos and utilities” sectors, while the second quarter will prove to be much more fruitful. While Capital Economics stated:
“Personal spending growth in February was revised up to a 0.3% m/m increase. Nonetheless, the March spending figure is still disappointing considering that real disposable income increased by a healthy 0.4% m/m last month.”

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