Personal Income Rises in July

Aug302018

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BEA Graphic on Real Disposable Income and Real Consumer Spending.
BEA Graphic on Real Disposable Income and Real Consumer Spending.

The following is a cross-post from the Bureau of Economic Analysis Blog

Personal income increased 0.3 percent in July after increasing 0.4 percent in June. Wages and salaries, the largest component of personal income,increased 0.4 percent in July, the same increase as in June.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in July after increasing 0.4 percent in June.

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

Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in July after increasing 0.3 percent in June. Spending on durable goods decreased 0.5 percent in July after increasing 0.2 percent in June.

PCE prices increased 0.1 percent in July, the same increase as in June. Excluding food and energy, PCE prices increased 0.2 percent in July after increasing 0.1 percent in June.

Personal saving rate
Personal saving as a percent of DPI was 6.7 percent in July and 6.8 percent in June.

For more information, read the full report. 

 

Last updated: 2018-08-30 10:26

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