US Consumer Spending held steady for May 2021
Rochelle Muncey2021-06-25T15:38:03-05:00June 25, 2021 According to estimates by the Bureau of Economic Analysis, personal income fell $414.3 billion (2.0%) in May. Personal consumption expenditures (PCE) rose $2.9 billion but disposable personal income (DPI) fell $436.3 billion (2.3%) (less than 0.1%). In May, real DPI fell by 2.8%, while real PCE fell by 0.4%; goods fell by 2.0%, while