Archive for the 'Personal Income' Category



GDP Increases in Third Quarter

Real gross domestic product (GDP) increased 1.5 percent in the third quarter of 2015, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 3.9 percent.

GDP highlightsQ2Q GDP 1029
The third-quarter increase in real GDP mainly reflected a rise in consumer spending. Spending on services increased, notably on health care. Spending on nondurable and durable goods also rose.

State and local government spending, business investment, exports, and residential investment also contributed to the increase in GDP.

Partly offsetting these contributions to GDP growth, private inventory investment fell, mainly in wholesale trade and in manufacturing.

Final sales of domestic product—GDP less inventory investment—increased 3.0 percent in the third quarter.

Personal income and saving
Real disposable personal income (DPI), which adjusts for taxes and inflation, rose 3.5 percent in the third quarter after increasing 1.2 percent in the second quarter.

Personal saving as a percentage of DPI was 4.7 percent in the third quarter, following 4.6 percent in the second quarter.

PricesQ2Q PERCENT 1029
Prices of goods and services purchased by U.S. residents—gross domestic purchases prices— increased 1.3 percent in the third quarter after increasing 1.5 percent in the second quarter.

Prices of energy goods and services turned down in the third quarter, while food prices turned up.

Excluding food and energy, gross domestic purchases prices increased 1.3 percent in the third quarter after increasing 1.2 percent in the second quarter.

For more information, read the full report.

State Personal Income: Second Quarter 2015

State personal income grew 0.9 percent on average in the second quarter of 2015, after growing 0.8 percent in the first quarter. Personal income grew in every state except Oklahoma in the second quarter. In the first quarter, personal income grew in 34 states. Second-quarter personal income growth rates ranged from zero in Oklahoma to 1.5 percent in the state of Washington.

For more information, read the full report.

Personal Income Sept 30

State personal income Sept30

Personal Income Rises in July

Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in July after increasing 0.4 percent in June.Disposable Personal Income Chart Aug 28

Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in July after increasing 0.2 percent in June.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in July after increasing less than 0.1 percent in June. Spending on durable goods increased 1.3 percent in July after decreasing 0.9 percent in June.

PCE prices increased 0.1 percent in July, after increasing 0.2 percent in June. Excluding food and energy, PCE prices increased 0.1 percent in July and in June.

Personal saving rate
Personal saving as a percent of DPI was 4.9 percent in July and 4.7 percent in June.

For more information, read the full report.

Real Consumer Bars Aug 28