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June 1, 2015 Disposable Income Rises in April Personal income increased 0.4 percent in April after increasing less than 0.1 percent in March. Wages and salaries, the largest component of personal income, rose 0.2 percent in April after rising 0.1 percent in March. Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in April after rising less than 0.1 percent in March, reflecting increases in income receipts on assets and wages and salaries. Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in April after decreasing 0.2 percent in March. Real consumer spending (PCE), spending adjusted for price changes, decreased less than 0.1 percent in April after increasing 0.4 percent in March. Spending on durable goods decreased 0.8 percent in April after increasing 2.1 percent in March. PCE prices increased less than 0.1 percent in April, after increasing 0.2 percent in March. Excluding food and energy, PCE prices increased 0.1 percent in April, the same increase as in March. Feb. Mar. Apr. Personal Income 0.4% 0.0% 0.4% Currentdollar DPI 0.4% 0.0% 0.4% Real DPI 0.3% –0.2% 0.3% Real PCE 0.0% 0.4% 0.0% PCE Prices 0.2% 0.2% 0.0% Personal Saving Rate 5.7% 5.2% 5.6% Personal saving rate Personal saving as a percent of DPI was 5.6 percent in April and 5.2 percent in March. Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.8 0.6 0.4 0.2 0.0 -0.2 -0.4 Jan Feb Real Disposable Personal Income Mar Apr Real Consumer Spending Source: .ureau of Economic Analysis BEA data—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 on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE: On June 25, 2015, the estimates of May personal income and outlays will be released. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
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