Archive for the 'Personal Income' Category



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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Personal Income Rises in May

chart2Personal income increased 0.4 percent in May after increasing 0.3 percent in April. Wages and salaries, the largest component of personal income, increased 0.4 percent after increasing 0.3 percent.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in May, the same increase as in April.

Real DPI, income adjusted for taxes and inflation, increased0.2percent in May, the same increase as in April.

Real consumer spending, spending adjusted for price changes, decreased 0.1 percent in May after decreasing 0.2 percent in April. Spending on durable goods increased 1.0 percent after decreasing 0.9percent; spending on motor vehicles and parts turned up in May.

PCE prices increased 0.2 percent in May, the same increase as in April. Excluding food and energy, PCE prices rose 0.2 percent in May, the same as in April.

Personal saving rate
Personal saving as a percent of DPI was 4.8 percent in May and 4.5 percent in April.

real disposable personal income

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State Personal Income: First Quarter 2014

State personal income increased 0.8 percent on average in the first quarter of 2014, an acceleration from the 0.5 percent growth in the fourth quarter of 2013. Personal income grew in 46 states and growth accelerated in 24 of those states. The fastest growth, 1.4 percent, was in Washington state, Vermont, and West Virginia. Personal income fell 2.9 percent in North Dakota, 0.3 percent in South Dakota, and 0.2 percent in Arkansas and Nebraska. Inflation, as measured by the national price index for personal consumption expenditures, was 0.3 percent in the first quarter, the same as in the fourth quarter.

 Personal Income1

Personal Income Growth and Ranks Table