MNI: US DATA: APRIL PERESONAL INCOME +10.5%..........>

MNI: US DATA: APRIL PERESONAL INCOME +10.5%

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-US APR PERS INCOME +10.5%;NOM PCE -13.5%;CHAINED PCE -13.2%

-US APR PCE CORE PRICE INDEX -0.4% VS MARCH FLAT; +1.0% Y/Y

-US APR PCE CHN WT PRICE INDEX -0.5% VS MARCH -0.2%; +0.5% Y/Y

-US MARCH PERS INC REV TO -2.2%(PRV -2.0%);NOM PCE -6.9%(-7.5%)

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Personal income rose 10.5% in April after falling -2.2% in March, shattering

market expectations for a -6.0% drop. The increase was primarily tied to

Covid-19 relief aid from the government this month, the Bureau of Economic

Analysis said Thursday. Meanwhile, current dollar PCE plummeted -13.6%, falling

past a -6.9% decline in March. The BEA said the drop was driven by a significant

decline in spending for foods and beverages, health care, and accommodations.