US Data: Personal Income and Disposition - Level Changes>

Release for:  July 2017

Source: U.S. Department of Commerce

Level change from previous month, billions of U.S. dollars

                                            Mar-17  Apr-17  May-17  Jun-17  Jul-17

Personal income                               47.6    22.8    51.8     5.2    65.6

Compensation                                  10.0    52.7    13.9    46.2    47.4

   Wages and salaries                          6.3    46.7    10.2    39.9    41.4

     Private industries                        3.7    46.6     8.3    34.5    38.7

       Goods-producing                       -12.3     4.2     0.0     6.3    10.1

         Manufacturing                        -5.5     3.0    -2.3     3.7     6.8

       Services-producing                     15.9    42.5     8.3    28.3    28.5

         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0

          utilities                            3.8     9.9     1.2     7.2     5.4

         Other services-producing

          industries                          12.1    32.6     7.1    21.1    23.1

     Government                                2.7     0.1     1.8     5.4     2.7

   Supplements to wages                        3.7     6.0     3.7     6.3     5.9

     Employer contributions for worker

      pension and insurance funds              3.3     2.6     2.9     3.6     2.9

     Employer contributions for govt

      social insurance                         0.5     3.4     0.8     2.7     3.1

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                  6.8   -11.2     2.7    -2.3     2.2

   Farm                                        3.7    -6.3    -6.3    -6.3     2.4

   Nonfarm                                     3.0    -4.9     9.0     4.0    -0.2

 Rental income of persons with capital

  consumption adjustment                       5.5     1.0     2.6     4.4     2.7

 Pers inc. receipts on assets                 16.8    -9.0    33.4   -42.6    13.5

   Personal interest income                   14.9   -12.5   -12.5   -12.5     8.7

   Personal dividend income                    1.8     3.5    46.0   -30.1     4.8

  Personal current transfer receipts           9.8    -4.0     1.0     5.2     6.2

    Government social benefits to persons      9.7    -4.3     0.8     4.9     6.0

     Social Security                           7.1     0.8     0.0     3.6     3.3

     Medicare                                  1.4     1.3     1.4     1.5     1.6

     Medicaid                                  0.8    -3.3    -1.2     0.8     2.5

     Unemployment Insurance                   -0.4    -1.0    -0.6     0.3     0.2

     Veteran's benefits                        0.6     0.8     1.4     1.2    -0.9

     Other                                     0.1    -2.9    -0.2    -2.6    -0.6

    Other current transfer receipts, from

     business (net)                            0.3     0.2     0.3     0.2     0.2

Less: Contributions for govt.

 social insurance                              1.2     6.8     1.8     5.7     6.2

Less: Personal current taxes                   5.0    -7.8    -8.9     2.2    26.0

Equals: Disposable pers income                42.6    30.7    60.6     2.9    39.6

Less: Personal outlays                        65.1    61.8    34.5    38.4    45.2

  PCE                                         64.7    40.2    27.4    31.3    44.7

   Goods                                      14.9    18.4    -5.9     0.5    24.0

    Durable goods                              6.6     7.3     2.7     9.0     9.1

    Nondurable goods                           8.3    11.1    -8.6    -8.5    14.9

   Services                                   49.8    21.8    33.3    30.8    20.7

  Personal interest payments                  -0.2     6.6     6.5     6.6     0.0

  Personal current transfer payments           0.6    15.0     0.6     0.5     0.5

   To government                               0.7     0.6     0.5     0.5     0.5

   To the rest of the world (net)

Equals: Personal saving                      -22.4   -31.1    26.1   -35.5    -5.5

  Personal saving as a percentage of

   disposable personal income                 -0.2    -0.2     0.1    -0.2    -0.1

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2005 dollars                       63.1    -2.1    51.4    -5.0    42.2

  Disposable personal income:

    Total, billions of chained (2005)

     dollars                                  69.2    -0.2    60.6    -2.7    23.9

    Per capita:

      Current dollars                        109.0    71.0   162.0   -17.0    94.0

      Chained (2005) dollars                 194.0   -22.0   165.0   -32.0    49.0

  Population (thousands)                     162.0   171.0   182.0   191.0   205.0

     ** MNI Washington Bureau (202) 371-2121 **

[TOPICS: MAUDT$,MAUK5$]