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August 2, 2013 PERSONAL INCOME INCREASES IN JUNE Personal income increased 0.3 percent in June after Apr. May Jun. increasing 0.4 percent in May. Wages and salaries, the largest component of personal income, increased 0.5 percent in June after increasing 0.3 percent in May. Personal Income 0.0% 0.4% 0.3% Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in June, the same increase as in May. Currentdollar DPI –0.1% 0.3% 0.3% Real DPI, income adjusted for taxes and inflation, fell 0.1 percent in June after rising 0.2 percent in May. Real DPI 0.2% 0.2% –0.1% Real PCE 0.1% 0.1% 0.1% PCE Prices –0.3% 0.1% 0.4% 4.4% 4.6% 4.4% Real consumer spending, spending adjusted for price changes, rose 0.1 percent in June, the same as in May. PCE prices increased 0.4 percent in June after increasing 0.1 percent in May. Excluding food and energy, PCE prices increased 0.2 percent in June, compared to an increase of 0.1 percent in May. Personal saving rate Personal saving as a percent of DPI was 4.4 percent in June, compared with 4.6 percent in May. Comprehensive revision These estimates reflect the 2013 comprehensive revision of the national income and products accounts, which incorporated new source data and other improvements. Personal Saving Rate 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 August 30, 2013, the July estimates of personal income and outlays will be released. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
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