WASHINGTON —- Personal income rose $31.7 billion or 0.2% in April, the Commerce Department reported Friday.
The April increase followed an unrevised 0.4% gain in March. The April rise came up short of the median 0.3% increase estimated by economists polled by Thomson Reuters.
Personal spending in April climbed $31.8 billion, or 0.3%. That increase followed a downwardly revised 0.2% gain in March, originally reported as 0.3%.
The April gain was the same as the economists’ projection.
Disposable personal income increased $22.0 billion, or 0.2%, in April, following a 0.4% rise in March.