US Data: Personal Income and Disposition - Level Changes>

Release for:  August 2018

Source: U.S. Department of Commerce

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

                                            Apr-18  May-18  Jun-18  Jul-18  Aug-18

Personal income                               51.3    61.4    70.5    51.9    60.3

Compensation                                  37.8    31.9    43.0    35.4    46.8

   Wages and salaries                         32.9    27.1    37.2    30.8    41.4

     Private industries                       30.6    23.4    31.6    28.3    39.3

       Goods-producing                        12.7    -1.9     7.6     5.3     3.8

         Manufacturing                         7.5    -6.0     5.6     3.2     0.5

       Services-producing                     17.9    25.3    23.9    23.1    35.5

         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0

          utilities                           -0.7    11.0     4.4     2.5     9.8

         Other services-producing

          industries                          18.5    14.2    19.6    20.6    25.7

     Government                                2.3     3.7     5.6     2.5     2.2

   Supplements to wages                        4.9     4.8     5.7     4.7     5.4

     Employer contributions for worker

      pension and insurance funds              2.7     3.1     3.3     2.7     2.5

     Employer contributions for govt

      social insurance                         2.2     1.7     2.4     2.0     2.9

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                 -0.2     9.2     8.2     2.5     5.3

   Farm                                        0.5     0.5     0.5    -3.7    -3.7

   Nonfarm                                    -0.8     8.7     7.7     6.3     8.9

 Rental income of persons with capital

  consumption adjustment                      -1.2     1.3     2.9     5.4     5.9

 Pers inc. receipts on assets                  5.0    18.2    12.6    -0.6    -3.7

   Personal interest income                    6.2     6.1     6.2    -5.1    -5.2

   Personal dividend income                   -1.2    12.0     6.4     4.5     1.4

  Personal current transfer receipts          14.5     4.7     8.9    13.6    11.9

    Government social benefits to persons     13.0     4.2     8.5    13.2    11.5

     Social Security                           0.4     1.8     4.0     2.9     5.8

     Medicare                                  3.7     4.1     4.6     5.1     5.6

     Medicaid                                  4.8     4.1     2.6     1.8     1.2

     Unemployment Insurance                   -0.7    -1.2     0.0     0.2    -0.4

     Veteran's benefits                        5.1    -3.1    -2.1     3.3     0.6

     Other                                    -0.2    -1.5    -0.6    -0.1    -1.3

    Other current transfer receipts, from

     business (net)                            1.5     0.4     0.4     0.4     0.4

Less: Contributions for govt.

 social insurance                              4.7     3.8     5.1     4.3     6.0

Less: Personal current taxes                  -0.2     2.3     6.5     6.4     8.9

Equals: Disposable pers income                51.3    59.2    63.9    45.6    51.4

Less: Personal outlays                        80.4    80.6    65.8    63.5    47.1

  PCE                                         74.9    75.4    60.4    62.8    46.3

   Goods                                      27.2    36.0     1.8    22.7    11.8

    Durable goods                              9.5     3.5    -1.5     7.0    -1.5

    Nondurable goods                          17.8    32.4     3.3    15.8    13.2

   Services                                   47.8    39.4    58.7    39.9    34.7

  Personal interest payments                   4.8     4.9     4.9     0.4     0.3

  Personal current transfer payments           0.5     0.4     0.5     0.4     0.4

   To government                               0.4     0.5     0.4     0.4     0.4

   To the rest of the world (net)

Equals: Personal saving                      -29.0   -21.6    -1.7   -18.0     4.3

  Personal saving as a percentage of

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

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2012 dollars                        2.3    25.1    41.8    17.3    29.9

  Disposable personal income:

    Total, billions of chained (2012)

     dollars                                  14.0    25.5    43.0    22.8    31.8

    Per capita:

      Current dollars                        131.0   153.0   167.0   107.0   125.0

      Chained (2012) dollars                  19.0    53.0   104.0    41.0    67.0

  Population (thousands)                     179.0   188.0   199.0   215.0   225.0

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

[TOPICS: MAUDT$,MAUK5$]