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US Data: Personal Income and Disposition - Level Changes>

Release for:  February 2018
Source: U.S. Department of Commerce
Level change from previous month, billions of U.S. dollars
                                            Oct-17  Nov-17  Dec-17  Jan-18  Feb-18
Personal income                               59.8    56.0    67.7    74.8    67.3
Compensation                                  19.9    51.1    47.2    57.0    46.9
   Wages and salaries                         16.4    45.2    41.2    50.0    41.0
     Private industries                       15.5    42.8    37.4    41.6    36.4
       Goods-producing                         1.3     8.9     5.7    13.2    24.8
         Manufacturing                         2.6     2.2     1.7     9.0    17.4
       Services-producing                     14.2    33.9    31.7    28.4    11.6
         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0
          utilities                            0.9    12.6     3.7     4.9     0.6
         Other services-producing
          industries                          13.3    21.3    28.0    23.5    11.0
     Government                                0.9     2.5     3.8     8.4     4.7
   Supplements to wages                        3.5     5.9     6.0     7.0     5.8
     Employer contributions for worker
      pension and insurance funds              2.2     2.6     3.0     2.9     2.9
     Employer contributions for govt
      social insurance                         1.2     3.3     2.9     4.2     2.9
 Proprietors' income with inventory
  valuation and capital consumption
  adjustments                                  5.3    13.5    -1.1     3.9    15.2
   Farm                                       -1.0    -0.9    -1.0     0.7     0.8
   Nonfarm                                     6.3    14.4    -0.1     3.1    14.5
 Rental income of persons with capital
  consumption adjustment                       3.0     3.6     2.7     4.0     4.4
 Pers inc. receipts on assets                 22.0    14.5    20.1    -4.9     7.1
   Personal interest income                   20.5    20.6    20.5    -1.5    -1.6
   Personal dividend income                    1.5    -6.1    -0.4    -3.3     8.5
  Personal current transfer receipts          12.6   -19.9     5.1    35.9     0.0
    Government social benefits to persons     12.3   -20.1     4.8    35.5    -0.4
     Social Security                           6.7    -7.5     4.2    23.7    -2.3
     Medicare                                  1.8     1.8     1.9     0.4     1.3
     Medicaid                                  1.6     1.7     2.4     2.8     1.9
     Unemployment Insurance                   -0.6     0.3     0.0     0.4    -0.7
     Veteran's benefits                       -1.8     2.2    -0.6     2.1     0.6
     Other                                     4.5   -18.5    -3.0     5.9    -1.1
    Other current transfer receipts, from
     business (net)                            0.3     0.3     0.2     0.5     0.2
Less: Contributions for govt.
 social insurance                              3.0     6.7     6.2    21.3     6.2
Less: Personal current taxes                  16.7    15.4    11.3   -67.9    13.4
Equals: Disposable pers income                43.1    40.6    56.4   142.7    53.8
Less: Personal outlays                        54.2   103.2    70.1    21.2    27.7
  PCE                                         44.1    95.7    62.7    21.3    27.7
   Goods                                       4.1    50.0     2.8    -6.8    -3.9
    Durable goods                              6.6    11.4     3.6   -22.8     3.3
    Nondurable goods                          -2.5    38.5    -0.6    15.9    -7.2
   Services                                   40.0    45.7    59.8    28.2    31.6
  Personal interest payments                   7.3     7.2     7.2    -0.1    -0.1
  Personal current transfer payments           2.9     0.3     0.2     0.0     0.1
   To government                               0.3     0.3     0.3    -0.1     0.2
   To the rest of the world (net)
Equals: Personal saving                      -11.1   -62.6   -13.7   121.5    26.1
  Personal saving as a percentage of
   disposable personal income                 -0.1    -0.4    -0.1     0.8     0.2
Addenda:
 Personal Income ex. Current
  transfer receipts, billions of
   chained 2005 dollars                       23.2    42.0    37.9   -12.8    35.9
  Disposable personal income:
    Total, billions of chained (2005)
     dollars                                  18.4     9.5    31.5    75.7    22.7
    Per capita:
      Current dollars                        103.0    98.0   147.0   413.0   143.0
      Chained (2005) dollars                  31.0     6.0    74.0   211.0    51.0
  Population (thousands)                     214.0   195.0   188.0   168.0   153.0
     ** MNI Washington Bureau (202) 371-2121 **
[TOPICS: MAUDT$,MAUK5$]

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