The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for February 2010. Personal income and real disposable income were nearly unchanged in February. Real personal consumption expenditures increased 0.3 percent.
“Today’s data indicate that, as the Administration’s economic recovery efforts have pulled us back from the brink and taken hold, American families have been able to save more and improve their financial positions,” U.S. Commerce Under Secretary for Economic Affairs Rebecca Blank said. “As the nation’s job creation engine – the private sector – continues to rev up, consumers will be put into a stronger position and provide the foundation for sustainable growth moving forward.”
Source: U.S. Department of Commerce
