Personal income advanced $58.6 billion, or 0.4%, and disposable personal income increased $54.2 billion, or 0.4%, in February, according to the United States Census Bureau’s Bureau of Economic Analysis. However, personal consumption expenditures couldn’t keep pace, up $11.8 billion, or 0.1% in the month.
In January, BEA stated, personal income increased $61.8 billion, or 0.4%, disposable personal income increased $61.5 billion, or 0.5%, and personal consumption expenditures decreased $28.5 billion, or 0.2%, based on revised estimates.
Real disposable personal income increased 0.2% in February, compared with a 0.9% gain in January. Real personal consumption expenditures slipped 0.1%, in contrast to an increase of 0.2% in January, BEA noted.
Real estimates are stated in 2009 dollars.