US Data: Personal Income and Disposition - Level Changes>

Release for:  September 2017

Source: U.S. Department of Commerce

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

                                            May-17  Jun-17  Jul-17  Aug-17  Sep-17

Personal income                               52.7     3.4    52.1    29.2    67.0

Compensation                                  13.9    42.8    48.7     8.2    43.4

   Wages and salaries                         10.1    37.1    42.9     5.1    37.5

     Private industries                        8.3    33.3    41.4     2.2    33.5

       Goods-producing                         0.0     6.4     8.5    -4.1     9.7

         Manufacturing                        -2.3     3.7     5.7    -3.2     1.5

       Services-producing                      8.3    26.9    32.8     6.4    23.7

         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0

          utilities                            1.2     6.7     6.1    -1.0     4.5

         Other services-producing

          industries                           7.1    20.2    26.7     7.4    19.3

     Government                                1.8     3.8     1.5     2.8     4.2

   Supplements to wages                        3.7     5.7     5.8     3.2     5.8

     Employer contributions for worker

      pension and insurance funds              2.8     3.2     2.6     2.9     3.1

     Employer contributions for govt

      social insurance                         0.8     2.6     3.2     0.3     2.7

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                  4.5    -0.5    -3.3     3.9     8.0

   Farm                                       -4.3    -4.3    -0.2    -0.2    -0.2

   Nonfarm                                     8.8     3.7    -3.0     4.1     8.2

 Rental income of persons with capital

  consumption adjustment                       2.6     4.4    -0.8     1.9     4.1

 Pers inc. receipts on assets                 32.9   -43.1    10.1     7.3    12.5

   Personal interest income                  -13.2   -13.2     4.6     4.6     4.6

   Personal dividend income                   46.1   -29.8     5.5     2.6     8.0

  Personal current transfer receipts           0.7     5.0     4.0     9.0     4.5

    Government social benefits to persons      0.5     4.8     3.7     8.8     4.3

     Social Security                           0.0     3.6     3.2     0.8     3.3

     Medicare                                  1.4     1.5     1.6     1.8     1.9

     Medicaid                                 -1.5     0.6     0.9     0.6     0.5

     Unemployment Insurance                   -0.6     0.3     0.2    -0.3    -0.3

     Veteran's benefits                        1.4     1.2    -0.9     0.2     2.1

     Other                                    -0.2    -2.5    -1.3     5.7    -3.1

    Other current transfer receipts, from

     business (net)                            0.3     0.2     0.2     0.3     0.2

Less: Contributions for govt.

 social insurance                              1.9     5.3     6.4     1.2     5.6

Less: Personal current taxes                  -9.7     1.3    28.1    14.6    14.0

Equals: Disposable pers income                62.4     2.1    24.0    14.6    53.0

Less: Personal outlays                        35.9    26.0    41.6    14.1   132.4

  PCE                                         28.6    18.8    48.6    17.5   136.0

   Goods                                      -7.7    -8.6    30.1    -0.7    89.4

    Durable goods                              1.1     2.3    17.0   -22.1    46.5

    Nondurable goods                          -8.7   -11.0    13.1    21.4    42.9

   Services                                   36.3    27.4    18.5    18.3    46.5

  Personal interest payments                   6.8     6.7    -3.9    -4.0    -3.9

  Personal current transfer payments           0.5     0.5    -3.0     0.4     0.4

   To government                               0.5     0.5     0.5     0.4     0.4

   To the rest of the world (net)

Equals: Personal saving                       26.5   -23.9   -17.6     0.5   -79.5

  Personal saving as a percentage of

   disposable personal income                  0.2    -0.2    -0.1     0.0    -0.5

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2005 dollars                       53.4    -6.6    30.5    -6.8    10.1

  Disposable personal income:

    Total, billions of chained (2005)

     dollars                                  63.1    -3.5     8.2   -13.2    -0.9

    Per capita:

      Current dollars                        168.0   -20.0    46.0    15.0   133.0

      Chained (2005) dollars                 172.0   -34.0     0.0   -67.0   -28.0

  Population (thousands)                     182.0   191.0   205.0   218.0   217.0

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

[TOPICS: MAUDT$,MAUK5$]