Statement from U.S. Commerce Department Chief Economist Mark Doms on Personal Income and Outlays in March 2011

The following press release was published by the U.S. Department of Commerce on April 29, 2011. It is reproduced in full below.

The U.S. Commerce Department’s Bureau of Economic Analysis today released personal income and outlays for March 2011. Personal income rose 0.5 percent, and real disposable income increased 0.1 percent. The personal saving rate stayed constant at 5.5 percent. Real personal consumption expenditures increased 0.2 percent for the month and at a 2.7-percent annual rate in the first quarter.

Source: U.S. Department of Commerce