Courtesy of Mish.
Personal income rose a solid 0.4% in March but spending rose a weaker than expected 0.1%.
Durable goods spending plunged 0.6% again, matching January’s decline. Autos are the key component.
Spending on services rose an exceptionally weak 0.1%.
BEA Monthly Data
BEA Quarterly Data
For the quarter, BEA Data shows wages are up 3.9% but spending on goods declined 4.0%.
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