March 27, 2009
Personal Income Down In February
Personal income dropped 0.2 percent, while disposable income fell 0.1 percent in February, according to the U.S. Bureau of Economic Analysis.
In January both figures rose, by 0.2 percent and 1.6 percent, respectively.
Real disposable personal income, which takes price changes into account, dropped 0.4 percent in February, after rising 1.3 percent in January.
Real personal consumption expenditures fell 0.2 percent, with purchases of durable goods falling 1.5 percent, largely due to a drop in motor vehicle purchases. Purchases of nondurable goods and services each decreased less than 0.1 percent.
WBJ Web Partners
Most Recent
Most Recent
0 Comments