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April 29, 2016 Personal Income Accelerates in March Personal income increased 0.4 percent in March after increasing 0.1 percent in February. Wages and salaries, the largest component of personal income, increased 0.4 percent in March after decreasing 0.1 percent in February. Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in March after increasing 0.1 percent in February. Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in March after increasing 0.2 percent in February. Real consumer spending (PCE), spending adjusted for price changes, was flat in March after increasing 0.3 percent in February. Spending on durable goods decreased 0.3 percent in March after increasing 0.4 percent in February. PCE prices increased 0.1 percent in March after decreasing 0.1 percent in February. Excluding food and energy, PCE prices increased 0.1 percent in March after increasing 0.2 percent in February. Personal saving rate Personal saving as a percent of DPI was 5.4 percent in March and 5.1 percent in February. Jan. Feb. 0.4% 0.1% 0.4% Currentdollar DPI 0.4% 0.1% 0.4% Real DPI 0.2% 0.2% 0.3% Real PCE 0.0% 0.3% 0.0% PCE Prices 0.1% –0.1% 0.1% Personal Saving Rate 5.2% 5.1% 5.4% Personal Income Mar. Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.6 0.4 0.2 0.0 -0.2 -0.4 Dec Jan Real Disposable Personal Income Feb Mar 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 May 31, 2016, the estimates of April Personal Income and Outlays will be released. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce