The March 2019 personal income and spending report:
- Prior was +1.8% (revised to +1.7%)
- PCE core m/m +0.2% vs +0.1% expected
- Prior m/m -0.1% (revised to +0.1%)
- Deflator +1.5% y/y vs +1.6% expected
- Prior deflator +1.4% (revised to +1.3%
- Deflator m/m +0.2% vs +0.3% expected
Inflation was largely on the soft side and that syncs up with the GDP report, which showed surprisingly soft inflation and that contributed to real growth. On the core number, it was almost 1.5%. The unrounded number was 1.553%.
Consumers:
- Personal income +0.1% vs +0.4% expected
- Prior personal income +0.2%
- Personal spending +0.9% vs +0.7% expected
- Prior personal spending +0.1%
Income was soft be spending jumped more than expected.
