According to the Bureau of Economic Analysis (BEA) Personal Income (PI) increased $106.8 billion (0.6%) in February Disposable Personal Income (DPI) increased $88.7 billion (0.5%) and Personal Consumption Expenditures (PCE) increased $27.7 billion (0.2%). The increase in personal income in February primarily reflected increases in compensation of employees and farm proprietors’ income. Farm proprietors’ income increased $34.1 billion in February, which included an increase in subsidy payments associated with the Department of Agriculture’s Market Facilitation Program.
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Personal Income and Outlays: February 2020