Personal income in March 2010 increased 0.3% from February 2010. Real personal consumption expenditures rose 0.5%, and real disposable personal income (DPI) rose 0.2%. The personal savings rate as a percentage of DPI was 2.7% in March.
Real gross domestic product (GDP) grew at an annual rate of 3.2% in the first quarter of 2010, following an increase of 5.6% in the fourth quarter of 2009.
The U.S. international trade deficit in goods and services in February 2010 increased 7.4% to $39.7 billion. Exports increased 0.2% to $143.2 billion, and imports increased 1.7% to $182.9 billion.
Real gross domestic product (GDP) increased 5.6% in the fourth quarter of 2009, 0.3 percentage points less than the second estimate. Real GDP rose 2.2% in the third quarter of 2009.
The U.S. current account deficit increased to $115.6 billion, or 3.2% of gross domestic product (GDP), in the fourth quarter of 2009, up from $102.3 billion in the third quarter, or 2.9% of GDP. For the full year 2009, the U.S. current account deficit decreased to $419.9 billion, or 2.9% of GDP, down from $706.1 billion, or 4.9% of GDP, in 2008.
