by Calculated Danger on 5/31/2024 08:30:00 AM
The BEA launched the Private Revenue and Outlays report for April:
Private revenue elevated $65.3 billion (0.3 p.c at a month-to-month fee) in April, in line with estimates launched right this moment by the Bureau of Financial Evaluation. Disposable private revenue (DPI) —private revenue much less private present taxes—elevated $40.2 billion and private consumption expenditures (PCE) elevated $39.1 billion.
The PCE value index elevated 0.3 p.c. Excluding meals and power, the PCE value index elevated 0.2 p.c. Actual DPI decreased 0.1 p.c in April and actual PCE decreased 0.1 p.c; items decreased 0.4 p.c and providers elevated 0.1 p.c.
emphasis added
The April PCE value index elevated 2.7 p.c year-over-year (YoY), unchanged from 2.7 p.c YoY in March, and down from the current peak of seven.0 p.c in June 2022.
The next graph reveals actual Private Consumption Expenditures (PCE) by way of April 2024 (2017 {dollars}). Observe that the y-axis does not begin at zero to raised present the change.
Click on on graph for bigger picture.
The dashed crimson traces are the quarterly ranges for actual PCE.
Private revenue was at expectations, and PCE was beneath expectations.
Inflation was at expectations.
