Economic Statistics for 29 Mar 13
Here are today’s statistics on the state of the economy:
Personal income rose 1.1% in February, while personal spending rose 0.7%. The PCE Price Index, an inflation measure, rose 0.4% at the headline level, and 0.1% at the core. On a year-over-year basis, personal income is up 2.6%, while spending is up 3.3%. The PCE Price Index is up 1.3%.
The Reuter’s/University of Michigan’s consumer sentiment index erased last month’s decline, rising to a strong 78.6 in March.