April 2011 Personal Income and Outlays, Retail Sales and Consumer Debt

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Bureau of Economic Analysis data showed that personal income increased $46.1 billion (0.4 percent), and disposable personal income (DPI) increased $35.1 billion (0.3 percent) in April. Personal consumption expenditures (PCE) increased $41.5 billion, or 0.4 percent. Real DPI (DPI adjusted to remove price changes) decreased less than 0.1 percent while real PCE increased 0.1 percent.
 

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Retail sales rose by 0.5 percent in nominal terms during April, the tenth straight month of increases. All categories advanced except for food service sales, which declined by 0.1 percent.

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Total consumer debt outstanding increased for a seventh month in March, at a seasonally adjusted and annualized rate of 3.1 percent. Some of the increase was due to seasonal adjustments, as revolving credit shrank in not-seasonally adjusted terms. For a change, the increase in non-revolving credit was broader based than just student loans; loans at commercial banks and credit unions also expanded.