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Monday, August 29, 2016 Contact: Jeannine Aversa, 301.278.9003 Spending on Durable Goods Rises in July Personal income increased 0.4 percent in July after increasing 0.3 percent in June. Wages and salaries, the largest component of personal income, increased 0.5 percent in July, the same increase as in June. May June July Personal Income 0.3% 0.3% 0.4% Currentdollar DPI 0.3% 0.3% 0.4% Real DPI 0.1% 0.2% 0.4% Real PCE 0.2% 0.4% 0.3% PCE prices remained flat in July after increasing 0.1 percent in June. Excluding food and energy, PCE prices increased 0.1 percent in July, the same increase as in June. PCE Prices 0.2% 0.1% 0.0% Personal saving rate Personal saving as a percent of DPI was 5.7 percent in July and 5.5 percent in June. Personal Saving Rate 5.8% 5.5% 5.7% Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in July after increasing 0.3 percent in June. Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in July after increasing 0.2 percent in June. Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in July after increasing 0.4 percent in June. Spending on durable goods increased 1.9 percent in July after increasing 0.9 percent in June. Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.8 0.6 0.4 0.2 0.0 -0.2 Apr May Real Disposable Personal Income Jun Jul 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 September 30, 2016, the August estimates of Personal Income and Outlays will be released.
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