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MONDAY June 28, 2010 CONSUMER SPENDING RISES IN MAY Personal income increased 0.4 percent in May after increasing 0.5 percent in April. Wages and salaries, the largest component of personal income, increased 0.5 percent in May, the same as in April. Real disposable personal income (DPI), income adjusted for inflation and taxes, increased 0.5 percent in May compared to a 0.6 percent increase in April. Real consumer spending, spending adjusted for price changes, was 0.3 percent in May. PCE prices were flat in May and April. Excluding food and energy, the PCE price index increased 0.2 percent in May after rising 0.1 percent in April. Personal saving rate Personal saving as a percent of disposable personal income was 4.0 percent in May, compared to 3.8 percent in April. March April May Personal Income 0.4 % 0.5 % 0.4 % Real DPI 0.3 % 0.6 % 0.5 % Real PCE 0.4 % 0.0 % 0.3 % PCE Prices 0.1 % 0.0 % 0.0 % March April May 3.3 % 3.8 % 4.0 % Personal Saving Rate Real Disposable Personal Income and Real Consumer Spending Percent change (monthly) 1.0 0.5 Real Disposable Personal Income 0.0 -0.5 Real Consumer Spending -1.0 Feb Mar Apr May 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 3, 2010, the May estimates of personal income and outlays will be released. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce