US Data: Personal Income and Disposition - Level Changes>

Release for:  July 2018

Source: U.S. Department of Commerce

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

                                            Mar-18  Apr-18  May-18  Jun-18  Jul-18

Personal income                               68.4    51.5    60.0    66.1    54.8

Compensation                                  38.3    37.7    31.9    42.0    36.1

   Wages and salaries                         33.3    32.8    27.1    36.3    31.4

     Private industries                       32.0    30.6    23.3    30.7    29.6

       Goods-producing                         4.0    12.7    -1.9     8.1     4.3

         Manufacturing                         2.2     7.5    -6.0     6.1     2.5

       Services-producing                     28.1    17.9    25.2    22.6    25.3

         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0

          utilities                            7.6    -0.7    11.0     2.1     1.6

         Other services-producing

          industries                          20.6    18.4    14.3    20.5    23.7

     Government                                1.2     2.2     3.8     5.6     1.8

   Supplements to wages                        5.1     4.9     4.8     5.7     4.7

     Employer contributions for worker

      pension and insurance funds              2.8     2.7     3.1     3.3     2.5

     Employer contributions for govt

      social insurance                         2.3     2.2     1.7     2.4     2.1

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                  8.4     2.6    11.6    10.0    -0.4

   Farm                                        0.8     3.0     3.1     3.0    -1.2

   Nonfarm                                     7.8    -0.5     8.5     6.9     0.9

 Rental income of persons with capital

  consumption adjustment                       5.0    -1.4     1.2     2.8     5.5

 Pers inc. receipts on assets                  6.6     2.8    16.2    10.3     8.0

   Personal interest income                   -3.4     4.5     4.5     4.6     1.2

   Personal dividend income                   10.1    -1.8    11.6     5.9     6.7

  Personal current transfer receipts          14.8    14.3     3.2     6.0    10.2

    Government social benefits to persons     14.6    12.7     2.8     5.6     9.8

     Social Security                           9.2     0.4     1.8     4.0     2.9

     Medicare                                  3.1     3.7     4.1     4.6     5.1

     Medicaid                                  4.2     4.6     2.5    -0.3    -2.3

     Unemployment Insurance                   -0.5    -0.7    -1.2     0.0     0.2

     Veteran's benefits                       -0.6     5.1    -3.1    -2.1     4.0

     Other                                    -0.7    -0.1    -1.5    -0.7     0.0

    Other current transfer receipts, from

     business (net)                            0.3     1.5     0.4     0.4     0.4

Less: Contributions for govt.

 social insurance                              4.8     4.7     3.8     5.1     4.6

Less: Personal current taxes                   8.3     0.5     2.6     6.5     2.2

Equals: Disposable pers income                60.2    50.9    57.4    59.7    52.5

Less: Personal outlays                        86.5    80.3    80.7    56.9    52.8

  PCE                                         84.4    74.3    75.0    51.1    49.3

   Goods                                      29.0    27.6    36.4    -5.3    10.3

    Durable goods                             28.9     9.5     3.5    -1.5    -2.4

    Nondurable goods                           0.1    18.1    32.9    -3.8    12.8

   Services                                   55.3    46.8    38.6    56.4    39.0

  Personal interest payments                   1.8     5.3     5.3     5.3     3.1

  Personal current transfer payments           0.5     0.6     0.4     0.5     0.4

   To government                               0.5     0.4     0.5     0.4     0.4

   To the rest of the world (net)

Equals: Personal saving                      -26.3   -29.4   -23.3     2.8    -0.3

  Personal saving as a percentage of

   disposable personal income                 -0.2    -0.3    -0.1     0.0    -0.1

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2012 dollars                       43.2     4.9    26.4    40.4    24.5

  Disposable personal income:

    Total, billions of chained (2012)

     dollars                                  48.8    15.9    25.3    38.9    30.8

    Per capita:

      Current dollars                        160.0   130.0   148.0   153.0   129.0

      Chained (2012) dollars                 127.0    24.0    53.0    92.0    65.0

  Population (thousands)                     166.0   179.0   188.0   199.0   215.0

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

[TOPICS: MAUDT$,MAUK5$]