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Thursday, August 31, 2017 Contact: Jeannine Aversa, (301)278-9003 Personal Income Increases in July Personal income increased 0.4% in July after showing no change in June. Wages and salaries, the largest component of personal income, increased 0.5 percent in July, the same increase as in June. Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in July after remaining unchanged in June. May Jun. Jul. Personal Income 0.3% 0.0% 0.4% Currentdollar DPI 0.4% 0.0% 0.3% Real DPI 0.5% 0.0% 0.2% Real PCE 0.3% 0.2% 0.2% –0.1% 0.0% 0.1% 3.8% 3.6% 3.5% Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in July after showing no change in June. Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in July, the same increase as in June. Spending on durable goods increased 0.8 percent in July, the same increase as in June. PCE prices increased 0.1 percent in July after showing no change in June. Excluding food and energy, PCE prices increased 0.1 percent in July, the same increase as in June. PCE Prices Personal saving rate Personal saving as a percent of DPI was 3.5 percent in July and 3.6 percent in June. Personal Saving Rate Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 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 29, 2017, the August estimates of Personal Income and Outlays will be released.