Disposable Income Rises in April

Personal income increased 0.4 percent in April after increasing less than 0.1 percent in March. Wages and salaries, the largestPersonal Income and Outlays June1 component of personal income, rose 0.2 percent in April after rising 0.1 percent in March.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in April after rising less than 0.1 percent in March, reflecting increases in income receipts on assets and wages and salaries.

Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in April after decreasing 0.2 percent in March.

Real consumer spending (PCE), spending adjusted for price changes, decreased less than 0.1 percent in April after increasing 0.4 percent in March. Spending on durable  goods decreased 0.8 percent in April after increasing 2.1 percent in March.

PCE prices increased less than 0.1 percent in April, after increasing 0.2 percent in March. Excluding food and energy, PCE prices increased 0.1 percent in April, the same increase an in March.

Personal saving rate
Personal saving as a percent of DPI was 5.6 percent in April and 5.2 percent in March.

For more information, read the full report.

Real Consumer Spending June1


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