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Friday, June 28, 2019 Contact: Jeannine Aversa, (301) 278-9003 Spending on Durable Goods Increases in May Personal income increased 0.5 percent in May, the same increase as in April. Wages and salaries, the largest component of personal income, increased 0.2 percent in May after increasing 0.3 percent in April. Current-dollar disposable personal income (DPI), after-tax income, increased 0.5 percent in May, the same increase as in April. Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in May after increasing 0.1 percent in April. Real consumer spending (PCE), spending adjusted for price changes, increase 0.2 percent in May, the same increase as in April. Spending on durable goods increased 1.6 percent in May after increasing 0.3 percent in April. PCE prices increased 0.2 percent in May after increasing 0.3 percent in April. Excluding food and energy, PCE prices increased 0.2 percent in May, the same increase as in April. Personal saving rate Personal saving as a percent of DPI was 6.1 percent in May and 6.1 percent in April. Mar. Apr. May Personal Income 0.1% 0.5% 0.5% Currentdollar DPI 0.0% 0.5% 0.5% Real DPI –0.2% 0.1% 0.3% Real PCE 0.8% 0.2% 0.2% PCE Prices 0.2% 0.3% 0.2% 6.2% 6.1% 6.1% Personal Saving Rate Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.9 0.7 0.5 0.3 0.1 -0.1 -0.3 Feb. Mar. Real Disposable Personal Income Apr. May Real Consum er 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 July 30, 2019, June estimates of Personal Income and Outlays will be released.
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