Real Consumer Spending Rises in May

June_25 thursdayPersonal income increased 0.5 percent in May, the same increase as in April. Wages and salaries, the largest component of  personal income, rose 0.5 percent in May after rising 0.3 percent in April.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in May after rising 0.4 percent in April.

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

Real consumer spending (PCE), spending adjusted for price changes, increased 0.6 percent in May after remaining flat in April. Spending on durable goods increased 2.3 percent in May after decreasing 0.1 percent in April.

PCE prices increased 0.3 percent in May, after remaining flat in April. Excluding food and energy, PCE prices increased 0.1 percent in May, the same increase as in April.

Personal saving rate
Personal saving as a percent of DPI was 5.1 percent in May and 5.4 percent in April.Real DPI June 25For more information, read the full report.


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