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Personal Income and Outlays: March 2020
Personal income decreased $382.1 billion (2.0 percent) in March according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) decreased $334.6 billion (2.0 percent) and personal consumption expenditures (PCE) decreased $1,127.3 billion (7.5 percent). Real DPI decreased 1.7 percent in March and Real PCE decreased 7.3 percent (tables 5 and 7). The PCE price index decreased 0.3 percent. Excluding food and energy, the PCE price index decreased 0.1 percent (table 9). The decline in March personal income and outlays was, in part, due to the response to the ... (full story)