US Data: Personal Income and Disposition - Level Changes>

Release for:  December 2017

Source: U.S. Department of Commerce

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

                                            Aug-17  Sep-17  Oct-17  Nov-17  Dec-17

Personal income                               36.1    77.6    62.0    50.4    58.7

Compensation                                  11.9    45.3    22.9    36.6    44.2

   Wages and salaries                          8.3    39.6    19.3    31.6    38.6

     Private industries                        4.4    36.3    18.9    28.9    34.7

       Goods-producing                        -4.1    13.5     2.3     5.5     3.5

         Manufacturing                        -2.2     4.0     4.0     1.2     0.8

       Services-producing                      8.6    22.6    16.7    23.4    31.1

         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0

          utilities                           -2.2     5.8     1.5    10.1     2.7

         Other services-producing

          industries                          10.8    16.8    15.3    13.2    28.4

     Government                                3.9     3.4     0.4     2.7     4.0

   Supplements to wages                        3.7     5.6     3.6     5.0     5.6

     Employer contributions for worker

      pension and insurance funds              3.1     2.9     2.1     2.7     2.9

     Employer contributions for govt

      social insurance                         0.6     2.7     1.5     2.3     2.7

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                  4.9     8.5     4.3    13.1    -1.2

   Farm                                       -0.4    -0.4    -0.9    -0.9    -0.9

   Nonfarm                                     5.2     9.0     5.2    14.0    -0.3

 Rental income of persons with capital

  consumption adjustment                       2.4     4.7     5.0     3.8     3.2

 Pers inc. receipts on assets                  6.5    10.0    19.9    12.2    17.2

   Personal interest income                    4.4     4.4    18.2    18.2    18.2

   Personal dividend income                    2.1     5.6     1.7    -6.0    -0.9

  Personal current transfer receipts          12.0    14.8    13.3   -10.4     1.1

    Government social benefits to persons     11.7    14.6    13.0   -10.7     0.8

     Social Security                           0.8     3.1     6.8    -7.5     4.2

     Medicare                                  1.8     1.9     1.8     1.8     1.9

     Medicaid                                  3.3     4.3     1.3     0.5     0.6

     Unemployment Insurance                   -0.3    -0.3    -0.6     0.3     0.1

     Veteran's benefits                        0.2     2.1    -1.8     2.2    -0.6

     Other                                     6.0     3.5     5.5    -8.1    -5.2

    Other current transfer receipts, from

     business (net)                            0.3     0.2     0.3     0.2     0.3

Less: Contributions for govt.

 social insurance                              1.6     5.8     3.3     4.9     5.8

Less: Personal current taxes                  15.2    14.3    13.2    12.8    10.8

Equals: Disposable pers income                21.0    63.2    48.7    37.7    48.0

Less: Personal outlays                        21.2   130.0    45.8   109.2    61.5

  PCE                                         23.8   132.7    35.6   101.9    54.2

   Goods                                       5.1    90.4     5.3    57.6     4.1

    Durable goods                            -20.6    47.5     5.8    13.3    10.4

    Nondurable goods                          25.6    43.0    -0.4    44.2    -6.3

   Services                                   18.8    42.2    30.2    44.3    50.1

  Personal interest payments                  -3.1    -3.1     7.1     7.0     7.0

  Personal current transfer payments           0.4     0.4     3.3     0.2     0.3

   To government                               0.4     0.4     0.3     0.3     0.3

   To the rest of the world (net)

Equals: Personal saving                       -0.2   -66.8     2.9   -71.5   -13.5

  Personal saving as a percentage of

   disposable personal income                  0.0    -0.5     0.0    -0.5    -0.1

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2005 dollars                       -4.2     7.8    25.3    24.6    37.4

  Disposable personal income:

    Total, billions of chained (2005)

     dollars                                  -8.5     5.4    24.2     2.5    28.1

    Per capita:

      Current dollars                         34.0   163.0   120.0    89.0   121.0

      Chained (2005) dollars                 -53.0   -10.0    48.0   -15.0    63.0

  Population (thousands)                     224.0   225.0   214.0   195.0   188.0

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

[TOPICS: MAUDT$,MAUK5$]