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Monday, January 30, 2017 Contact: Jeannine Aversa, (301)278-9003 Personal Income Rises in December Personal income increased 0.3 percent in December after increasing 0.1 percent in November. Wages and salaries, the largest component of personal income, increased 0.4 percent in December after decreasing 0.1 percent in November. Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in December after increasing 0.1 percent in November. Oct. Nov. Dec. Personal Income 0.5% 0.1% 0.3% Currentdollar DPI 0.5% 0.1% 0.3% Real DPI 0.2% 0.0% 0.1% Real PCE 0.1% 0.2% 0.3% PCE Prices 0.3% 0.1% 0.2% 5.7% 5.6% 5.4% Real DPI, income adjusted for taxes and inflation, increased 0.1 percent in December following no change in November. Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in December after increasing 0.2 percent in November. Spending on durable goods increased 1.4 percent in December after decreasing 0.4 percent in November. PCE prices increased 0.2 percent in December after increasing 0.1 percent in November. Excluding food and energy, PCE prices increased 0.1 percent in December following no change in November. Personal saving rate Personal saving as a percent of DPI was 5.4 percent in December and 5.6 percent in November. Personal Saving Rate Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.8 0.6 0.4 0.2 0.0 -0.2 Sept. Oct. Real Disposable Personal Income Nov. Dec. 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 March, 1, 2017, the January estimates of Personal Income and Outlays will be released.
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