US Data: Personal Income and Disposition - Level Changes>

Release for:  March 2018

Source: U.S. Department of Commerce

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

                                            Nov-17  Dec-17  Jan-18  Feb-18  Mar-18

Personal income                               56.0    67.7    64.3    57.0    47.9

Compensation                                  51.1    47.2    51.9    38.8    20.2

   Wages and salaries                         45.2    41.2    45.8    33.9    16.3

     Private industries                       42.8    37.4    40.3    31.2    13.4

       Goods-producing                         8.9     5.7    11.2    27.0   -12.6

         Manufacturing                         2.2     1.7     8.1    18.3   -12.3

       Services-producing                     33.9    31.7    29.1     4.2    25.9

         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0

          utilities                           12.6     3.7     5.3    -1.3     4.9

         Other services-producing

          industries                          21.3    28.0    23.9     5.4    21.0

     Government                                2.5     3.8     5.4     2.8     2.9

   Supplements to wages                        5.9     6.0     6.1     4.9     3.9

     Employer contributions for worker

      pension and insurance funds              2.6     3.0     2.2     2.5     2.8

     Employer contributions for govt

      social insurance                         3.3     2.9     4.0     2.4     1.1

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                 13.5    -1.1     2.4    11.8     6.2

   Farm                                       -0.9    -1.0    -0.4    -0.3    -0.3

   Nonfarm                                    14.4    -0.1     2.8    12.0     6.5

 Rental income of persons with capital

  consumption adjustment                       3.6     2.7    -1.5     2.1     4.1

 Pers inc. receipts on assets                 14.5    20.1    -3.9     8.9     8.0

   Personal interest income                   20.6    20.5    -1.2    -1.2    -1.2

   Personal dividend income                   -6.1    -0.4    -2.7    10.1     9.2

  Personal current transfer receipts         -19.9     5.1    36.0     0.8    12.1

    Government social benefits to persons    -20.1     4.8    35.6     0.4    11.9

     Social Security                          -7.5     4.2    23.7    -2.4     9.5

     Medicare                                  1.8     1.9     0.4     1.3     2.2

     Medicaid                                  1.7     2.4     4.2     2.9     1.3

     Unemployment Insurance                    0.3     0.0     0.2    -0.7    -0.4

     Veteran's benefits                        2.2    -0.6     2.1     0.6     1.0

     Other                                   -18.5    -3.0     4.8    -1.1    -1.8

    Other current transfer receipts, from

     business (net)                            0.3     0.2     0.5     0.2     0.3

Less: Contributions for govt.

 social insurance                              6.7     6.2    20.8     5.2     2.8

Less: Personal current taxes                  15.4    11.3   -65.1    14.5     8.1

Equals: Disposable pers income                40.6    56.4   129.4    42.5    39.8

Less: Personal outlays                       103.2    70.1    36.5     2.2    62.2

  PCE                                         95.7    62.7    32.6     1.6    61.7

   Goods                                      50.0     2.8     2.1   -18.7     4.6

    Durable goods                             11.4     3.6   -24.6    -6.0    11.4

    Nondurable goods                          38.5    -0.6    26.6   -12.7    -6.8

   Services                                   45.7    59.8    30.7    20.3    57.0

  Personal interest payments                   7.2     7.2     0.4     0.5     0.4

  Personal current transfer payments           0.3     0.2     3.4     0.2     0.1

   To government                               0.3     0.3    -0.1     0.2     0.2

   To the rest of the world (net)

Equals: Personal saving                      -62.6   -13.7    92.9    40.4   -22.5

  Personal saving as a percentage of

   disposable personal income                 -0.4    -0.1     0.6     0.3    -0.2

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2005 dollars                       42.0    37.9   -22.3    29.2    27.2

  Disposable personal income:

    Total, billions of chained (2005)

     dollars                                   9.5    31.5    63.9    15.8    30.6

    Per capita:

      Current dollars                         98.0   147.0   372.0   109.0    98.0

      Chained (2005) dollars                   6.0    74.0   175.0    30.0    73.0

  Population (thousands)                     195.0   188.0   168.0   153.0   166.0

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

[TOPICS: MAUDT$,MAUK5$]