Personal Income Rises in April

personal-income-table-april-2016Personal income increased 0.4 percent in April, the same increase as in March. Wages and salaries, the largest component of personal income, increased 0.5 percent in April after increasing 0.4 percent in March.

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

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

Real consumer spending (PCE), spending adjusted for price changes, increased 0.6 percent in April after remaining flat in March. Spending on durable goods increased 2.2 percent in April after increasing 0.2 percent in March.

PCE prices increased 0.3 percent in April after increasing 0.1 percent in March. Excluding food and energy, PCE prices increased 0.2 percent in April after increasing 0.1 percent in March.

Personal saving rate
Personal saving as a percent of DPI was 5.4 percent in April and 5.9 percent in March.

personal-income-image-april-2016

For more information, read the full report.


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