Income Unchanged; Spending Off 0.1%

Newman, Emily
June 2003
Bond Buyer;6/2/2003, Vol. 344 Issue 31647, p2
Trade Publication
This article reports that personal income was unchanged and consumption expenditures fell 0.1% in the U.S. in April 2003. Personal income increased $4.0 billion, or less than 0.1%, to slightly more than $9.16 trillion, after an unrevised 0.4% gain in March 2003. The last time personal income was virtually unchanged was in November 2001, and personal income has fallen four times since April 2001. Spending decreased $7.5 billion, to $7.55 trillion in April, following a revised 0.8% rise in March,


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