Revenues and expenses of Americans rose in April above expectations

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The US Department of Commerce reported a maximum since the beginning of the year growth in incomes of American citizens, which in April was at the level of 0.5% compared to the March increase of 0.1%. Analysts had predicted revenue growth of 0.3%. Consumer spending, covering more than two-thirds of economic activity in the United States, increased by 0.3%, economists had expected a 0.2% increase. The figure has grown due to lower cost of services, including electricity and gas for homes. The index of consumer spending, which takes into account inflation, in April remained at the level of March, when it rose by 0.9%. The PCE Core index grew by 1.6% compared to April last year, accelerating the growth rate against the March increase by 1.5%. Compared with the previous month, the index rose by 0.2%. In March, it was recorded an increase of 0.1%.

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