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Friday, March 1, 2019 Contact: Jeannine Aversa, (301)278-9003 Personal Income Decreases in January Following December Increase Personal income decreased 0.1 percent in January after increasing 1.0 percent in December, the largest increase since December 2012. Wages and salaries, the largest component of personal income, increased 0.3 percent in January after increasing 0.5 percent in December. Nov. Dec. Jan.* Personal Income 0.3% 1.0% –0.1% Current-dollar disposable personal income (DPI), after-tax income, decreased 0.2 percent in January after increasing 1.1 percent in December. Currentdollar DPI 0.3% 1.1% –0.2% Real DPI, income adjusted for taxes and inflation, increased 1.0 percent in December after increasing 0.2 percent in November. Real DPI 0.2% 1.0% ---- Real consumer spending (PCE), spending adjusted for price changes, decreased 0.6 percent in December after increasing 0.5 percent in November. Spending on durable goods decreased 1.9 percent in December after increasing 2.1 percent in November. Real PCE 0.5% –0.6% ---- PCE prices increased 0.1 percent in December after remaining unchanged in November. Excluding food and energy, PCE prices increased 0.2 percent in December, the same increase as in November. PCE Prices 0.0% 0.1% ---- Personal saving rate Personal saving as a percent of DPI was 7.6 percent in December and 6.1 percent in November. Personal Saving Rate 6.1% 7.6% ---- *Census Monthly Retail Sales are not yet available for the month of January, and as a result, selected estimates normally presented here are unavailable. Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 1.0 0.8 0.6 0.4 0.2 0.0 -0.2 -0.4 -0.6 Sept. Oct. Real Disposable Personal Income Nov. Dec. Real Consum er 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 29, 2019, February estimates of Personal Income and January estimates of Personal Outlays will be released.
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