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Tuesday, August 2, 2016 Contact: Jeannine Aversa, 301.278.9003 Spending on Durable Goods Rises in June Personal income increased 0.2 percent in June, the same increase as in May. Wages and salaries, the largest component of personal income, increased 0.3 percent in June after increasing 0.2 percent in May. Apr. May Jun. Personal Income 0.4% 0.2% 0.2% Currentdollar DPI 0.4% 0.2% 0.2% Real DPI 0.1% 0.0% 0.1% Real PCE 0.7% 0.2% 0.3% PCE prices increased 0.1 percent in June after increasing 0.2 percent in May. Excluding food and energy, PCE prices increased 0.1 percent in June after increasing 0.2 percent in May. PCE Prices 0.3% 0.2% 0.1% Personal saving rate Personal saving as a percent of DPI was 5.3 percent in June and 5.5 percent in May. Personal Saving Rate 5.7% 5.5% 5.3% Current-dollar disposable personal income (DPI), after-tax income, increased 0.2 percent in June, the same increase as in May. Real DPI, income adjusted for taxes and inflation, increased 0.1 percent in June after remaining flat in May. Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in June after increasing 0.2 percent in May. Spending on durable goods increased 0.4 percent in June after decreasing 0.1 percent in May. Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.8 0.6 0.4 0.2 0.0 -0.2 Mar Apr Real Disposable Personal Income May Jun Real Consumer Spending Source: Bureau of Economic Analysis BEA statistics—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available at www.bea.gov. E-mail alerts are also available. NOTE: On August 29, 2016, the July estimates of Personal Income and Outlays will be released.
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