US personal spending up 0.2% in May - Breaking The News

US personal spending up 0.2% in May

28 June

1 min read

EPA-EFE/JOHN G. MABANGLO

Personal consumption expenditures (PCE) increased by 0.2% or $47.8 billion in May compared to April, according to a report by the Bureau of Economic Analysis on Friday. Personal income grew by 0.5% or $114.1 billion, while disposable personal income added 0.5% or $94 billion.

The PCE price index, the inflation gauge followed by the Federal Reserve, rose by 2.6% on a yearly basis and fell by 0.1% from April. The core PCE index, excluding food and energy, grew by 2.6% annually and by 0.1% monthly.

personal spending data

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