Archive for the 'PCE' Category

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.

Personal Income Accelerates in March

Outlays 4-29
Personal income increased 0.4 percent in March after increasing 0.1 percent in February. Wages and salaries, the largest component of personal income, increased 0.4 percent in March after decreasing 0.1 percent in February.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in March after increasing 0.1 percent in February.
Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in March after increasing 0.2 percent in February.
Real consumer spending (PCE), spending adjusted for price changes, was flat in March after increasing 0.3 percent in February.  Spending on durable goods decreased 0.3 percent in March after increasing 0.4 percent in February.
PCE prices increased 0.1 percent in March after decreasing 0.1 percent in February. Excluding food and energy, PCE prices increased 0.1 percent in March after increasing 0.2 percent in February.
Personal saving rate
Personal saving as a percent of DPI was 5.4 percent in March and 5.1 percent in February.
PCE 4-29
For more information, read the full report.
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BEA Introduces New Measures of the Regional Economy

Today, the U.S. Bureau of Economic Analysis released official statistics on personal consumption expenditures (PCE) by state for 1997-2014. PCE by state – the measure of goods and services purchased by or on behalf of households by state of residence – provides insight into household spending patterns across states and can be used together with other regional data to gain a better understanding of regional economies.

pce1215_fax

  • Across all states, total PCE grew by 4.2 percent in 2014. Total PCE growth ranged from 2.1 percent in West Virginia to 7.4 percent in North Dakota. Total PCE growth in the District of Columbia was 5.1 percent.
  • Across all states, housing and utilities expenditures grew by 4.1 percent in 2014. They grew fastest in North Dakota (8.0%) and the District of Columbia (6.3%) and contributed 1.0 percentage point or more to the total PCE growth in these states.
  • Across all states, health care expenditures grew by 3.9 percent in 2014. They grew fastest in Delaware (7.5%) and the District of Columbia (7.1%) and contributed 1.4 percentage points to the total PCE growth in these states.
  • Across all states, per capita total PCE in 2014 was $37,196. It ranged from a high of $48,020 in Massachusetts to a low of $29,386 in Mississippi. Per capita total PCE in the District of Columbia was $55,141.

For more information, read the full report.


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