Personal income increased $210.1 billion (0.8% at a monthly rate) in April, according to estimates released MASy 30 by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI) – personal income less personal current taxes – increased $189.4 billion (0.8%) and personal consumption expenditures (PCE) increased $47.8 billion (0.2%).

Personal outlays – the sum of PCE, personal interest payments, and personal current transfer payments – increased $48.6 billion in April. Personal saving was $1.12 trillion in April and the personal saving rate – personal saving as a percentage of disposable personal income – was 4.9%.

The increase in current-dollar personal income in April primarily reflected increases in government social benefits to persons and in compensation.

The $47.8 billion increase in current-dollar PCE in April reflected an increase of $55.8 billion in spending on services that was partly offset by a decrease of $8.0 billion in spending for goods.