Personal income in March 2012 rose 0.4 percent. Nominal personal consumption expenditures (PCE) increased 0.3 percent and real PCE rose 0.1 percent. Nominal disposable personal income (DPI) increased 0.4 percent and real DPI rose 0.2 percent. The personal saving rate as a percentage of DPI was 3.8 percent in March.
Real gross domestic product (GDP) grew at an annual rate of 2.2 percent in the first quarter of 2012, according to today’s advance estimate. This follows a growth rate of 3.0 percent in the fourth quarter of 2011.
The February 2012 international trade deficit fell 12.4 percent from the prior month, to $46.0 billion. Exports increased 0.1 percent, to $181.2 billion, and imports decreased 2.7 percent, to $227.2 billion.
Personal income in February 2012 rose 0.2 percent. Nominal personal consumption expenditures (PCE) increased 0.8 percent and real PCE rose 0.5 percent. Nominal disposable personal income (DPI) increased 0.2 percent while real DPI declined 0.1 percent. The personal saving rate as a percentage of DPI was 3.7 percent in February.
Real gross domestic product (GDP) grew at an annual rate of 3.0 percent in the fourth quarter of 2011, according to today’s third estimate. This follows a growth rate of 1.8 percent in the third quarter of 2011. Real GDP increased 1.7 percent from 2010 to 2011 overall.
