April personal income and spending rise. Real Personal spending +0.6% vs +0.4% est.
The personal income and spending data for the month of April showed good/strong gains. The personal income rose by 0.4% which was as expected but a good gain. It equaled the 0.4% gain in March.
US personal income 0.4% vs. +0.4% est. Spending rises by 1.0% vs. 0.7% est.
