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March 30, 2015

Personal Saving Rate Rises in February

Personal income rose 0.4 percent in February, the same
increase as in January. Wages and salaries, the largest
component of personal income, rose 0.3 percent in
February after rising 0.6 percent in January.
Current-dollar disposable personal income (DPI),
after-tax income, rose 0.4 percent in February after rising
0.5 percent in January.
Real DPI, income adjusted for taxes and inflation,
increased 0.2 percent in February after increasing 0.9
percent in January.
Real consumer spending (PCE), spending adjusted for
price changes, decreased 0.1 percent in February after
increasing 0.2 percent in January. Spending on durable
goods decreased 1.1 percent in February after increasing
0.7 percent in January.
PCE prices increased 0.2 percent in February after
decreasing 0.4 percent in January. Excluding food and
energy, PCE prices increased 0.1 percent in February, the
same increase as in January.
Personal saving rate
Personal saving as a percent of DPI was 5.8 percent in
February and 5.5 percent in January.

Dec.

Jan.

Feb.

Personal
Income

0.3%

0.4%

0.4%

Currentdollar DPI

0.3%

0.5%

0.4%

Real DPI

0.5%

0.9%

0.2%

Real PCE

0.1%

0.2%

–0.1%

PCE Prices

–0.2%

–0.4%

0.2%

5.5%

5.8%

Personal
Saving
Rate

4.9%

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

Nov

Dec

Real Disposable Personal Income

Jan

Feb

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 April 30, 2015, the estimates of March personal income and outlays will be released.
Contact: Jeannine Aversa 202–606–2649

Bureau of Economic Analysis, U.S. Department of Commerce