Personal Income Up 0.4%; Spending Flat in April

WASHINGTON — Personal consumption expenditures were flat in April, the first month without an increase since September, as disposable personal income increased by the most since December and personal income increased 0.4%, the Commerce Department reported on Friday.

Core PCE, which excludes food and energy costs, increased 0.1% for the month and 1.2% from a year ago.

Disposable personal income, which excludes taxes, increased 0.5%.

Economists had anticipated consumption to increase 0.3% and for income to increase 0.5%, according to the median estimate from Thomson Reuters.

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