Personal Spending Weak Despite Solid Wage Gains, Autos Disappoint Again, Services Shockingly Weak

April 29, 2016

by Mike ‘Mish’ Shedlock
Mish Talk

Personal income rose a solid 0.4% in March but spending rose a weaker than expected 0.1%.

Durable goods spending plunged 0.6% again, matching January’s decline. Autos are the key component.

Spending on services rose an exceptionally weak 0.1%.

BEA Monthly Data

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