by Calculated Threat on 4/26/2024 08:30:00 AM
The BEA launched the Private Earnings and Outlays report for March:
Private earnings elevated $122.0 billion (0.5 p.c at a month-to-month charge) in March, in response to estimates launched in the present day by the Bureau of Financial Evaluation. Disposable private earnings (DPI), private earnings much less private present taxes, elevated $104.0 billion (0.5 p.c) and private consumption expenditures (PCE) elevated $160.9 billion (0.8 p.c).
The PCE worth index elevated 0.3 p.c. Excluding meals and vitality, the PCE worth index elevated 0.3 p.c. Actual DPI elevated 0.2 p.c in March and actual PCE elevated 0.5 p.c; items elevated 1.1 p.c and companies elevated 0.2 p.c.
emphasis added
The March PCE worth index elevated 2.7 p.c year-over-year (YoY), up from 2.5 p.c YoY in February, and down from the latest peak of seven.0 p.c in June 2022.
The next graph reveals actual Private Consumption Expenditures (PCE) by way of March 2024 (2017 {dollars}). Be aware that the y-axis does not begin at zero to raised present the change.
Click on on graph for bigger picture.
The dashed purple traces are the quarterly ranges for actual PCE.
Private earnings was at expectations, and PCE was nicely above expectations.
Inflation was barely above expectations.
