Real Consumer Spending Picks Up In June

PItable_8_1_14Personal income rose 0.4 percent in June and in May. Wages and salaries rose 0.4 percent in June and in May.

Current-dollar disposable personal income (DPI), after-tax income, rose 0.4 percent in June and in May.

Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in June and in May.

Real consumer spending, spending adjusted for price changes, increased 0.2 percent in June after increasing 0.1 percent in May. Spending on nondurable goods increased 0.3 percent in June after decreasing 0.3 percent in May.

PCE prices rose 0.2 percent in June after rising 0.3 percent in May. Excluding food and energy, PCE prices rose 0.1 percent in June after rising 0.2 percent in May.

Personal saving rate
Personal saving as a percent of DPI was 5.3 percent in June and in May.

Annual revision
These estimates reflect the 2014 annual revision of the national income and product accounts, which incorporated new source data and other improvements back to 1999.

PIchart_8_1_14

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