US Data: Personal Income and Disposition - Level Changes>

Release for:  April 2018

Source: U.S. Department of Commerce

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

                                            Dec-17  Jan-18  Feb-18  Mar-18  Apr-18

Personal income                               69.4    61.7    54.1    40.7    49.5

Compensation                                  49.0    52.4    39.6    19.9    36.2

   Wages and salaries                         43.0    46.1    34.8    16.1    31.0

     Private industries                       39.1    40.7    32.1    13.3    28.7

       Goods-producing                         6.1    11.2    28.1   -12.5    12.5

         Manufacturing                         2.7     8.2    19.2   -12.1     7.8

       Services-producing                     33.0    29.5     4.1    25.7    16.2

         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0

          utilities                            1.8     5.3    -0.9     5.2    -1.1

         Other services-producing

          industries                          31.2    24.2     5.0    20.5    17.4

     Government                                3.8     5.4     2.7     2.9     2.3

   Supplements to wages                        6.1     6.2     4.8     3.9     5.1

     Employer contributions for worker

      pension and insurance funds              3.0     2.2     2.5     2.7     2.8

     Employer contributions for govt

      social insurance                         3.1     3.9     2.5     1.1     2.3

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                 -1.1     3.5    12.6     3.6     1.9

   Farm                                       -1.0     0.6     0.6     0.6     1.3

   Nonfarm                                    -0.1     3.0    11.9     3.0     0.7

 Rental income of persons with capital

  consumption adjustment                       2.7    -1.5     2.1     4.2     2.6

 Pers inc. receipts on assets                 20.1    -7.1     5.6     4.3     6.3

   Personal interest income                   20.5    -3.9    -3.8    -3.9     6.5

   Personal dividend income                   -0.4    -3.2     9.4     8.2    -0.1

  Personal current transfer receipts           5.1    35.3    -0.5    11.3     7.3

    Government social benefits to persons      4.8    34.8    -0.7    11.0     7.0

     Social Security                           4.2    23.7    -2.4     9.1     0.9

     Medicare                                  1.9     0.4     1.3     2.2     3.1

     Medicaid                                  2.4     3.3     2.5     1.6     0.9

     Unemployment Insurance                    0.0     0.2    -0.7    -0.5    -0.5

     Veteran's benefits                       -0.6     2.1     0.6     0.2     3.8

     Other                                    -3.0     4.9    -1.9    -1.7    -1.1

    Other current transfer receipts, from

     business (net)                            0.2     0.5     0.2     0.3     0.3

Less: Contributions for govt.

 social insurance                              6.4    21.0     5.2     2.8     4.8

Less: Personal current taxes                  11.7   -56.7    12.3     6.7   -11.4

Equals: Disposable pers income                57.7   118.4    41.9    33.9    60.9

Less: Personal outlays                        70.1    24.0     6.9    75.0    86.9

  PCE                                         62.7    19.3     5.9    73.9    79.8

   Goods                                       2.8    -3.8   -10.2    20.4    31.5

    Durable goods                              3.6   -27.8    -3.4    23.3     4.4

    Nondurable goods                          -0.6    23.9    -6.9    -2.8    27.1

   Services                                   59.8    23.2    16.2    53.4    48.2

  Personal interest payments                   7.2     0.9     0.9     0.9     7.0

  Personal current transfer payments           0.2     3.7     0.2     0.2     0.1

   To government                               0.3    -0.1     0.2     0.2     0.1

   To the rest of the world (net)

Equals: Personal saving                      -12.5    94.4    34.9   -40.9   -26.1

  Personal saving as a percentage of

   disposable personal income                 -0.1     0.7     0.2    -0.3    -0.2

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2005 dollars                       39.4   -21.1    30.6    21.5     9.8

  Disposable personal income:

    Total, billions of chained (2005)

     dollars                                  32.6    57.1    18.5    25.3    24.4

    Per capita:

      Current dollars                        151.0   338.0   107.0    81.0   161.0

      Chained (2005) dollars                  77.0   154.0    38.0    57.0    53.0

  Population (thousands)                     188.0   168.0   153.0   166.0   179.0

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

[TOPICS: MAUDT$,MAUK5$]