US Data: Personal Income and Disposition - Level Changes>

Release for:  October 2018

Source: U.S. Department of Commerce

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

                                            Jun-18  Jul-18  Aug-18  Sep-18  Oct-18

Personal income                               63.4    58.4    68.0    40.2    84.9

Compensation                                  34.9    37.0    52.2    29.0    32.3

   Wages and salaries                         29.7    32.0    46.0    24.0    27.8

     Private industries                       24.0    28.7    40.5    17.2    25.0

       Goods-producing                         1.8     5.2     5.2     5.6     4.9

         Manufacturing                         1.8     2.9     1.2     1.3     1.7

       Services-producing                     22.3    23.3    35.4    11.6    20.1

         Trade, transportation, and            0.0     0.0     0.0     0.0     0.0

          utilities                            2.9     2.6     6.8     1.1     1.8

         Other services-producing

          industries                          19.3    20.9    28.5    10.5    18.3

     Government                                5.6     3.4     5.5     6.8     2.8

   Supplements to wages                        5.2     5.0     6.3     4.9     4.6

     Employer contributions for worker

      pension and insurance funds              3.3     2.9     3.4     3.7     2.9

     Employer contributions for govt

      social insurance                         1.9     2.1     2.9     1.2     1.7

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                  8.2     6.1     5.6   -13.1    25.2

   Farm                                        0.5    -3.4    -3.4    -3.4    11.6

   Nonfarm                                     7.7     9.5     9.0    -9.7    13.6

 Rental income of persons with capital

  consumption adjustment                       2.9     4.2     5.8     7.1     3.2

 Pers inc. receipts on assets                 12.6     6.0     0.4     2.6    11.1

   Personal interest income                    6.2     0.7     0.7     0.7     5.4

   Personal dividend income                    6.4     5.3    -0.3     1.9     5.7

  Personal current transfer receipts           8.9     9.6    10.0    17.5    16.9

    Government social benefits to persons      8.5     9.2     9.6    17.2    16.5

     Social Security                           4.0     2.1     4.1     0.4     9.8

     Medicare                                  4.6     5.1     5.6     6.1     6.7

     Medicaid                                  2.6    -0.7     0.7     2.1     3.4

     Unemployment Insurance                    0.0     0.2    -0.5    -0.8    -0.5

     Veteran's benefits                       -2.1     2.8     0.8     6.6    -2.8

     Other                                    -0.6    -0.3    -1.2     2.8     0.0

    Other current transfer receipts, from

     business (net)                            0.4     0.4     0.4     0.4     0.3

Less: Contributions for govt.

 social insurance                              4.1     4.4     6.1     3.0     3.7

Less: Personal current taxes                   5.1    12.4    13.4     7.9     3.3

Equals: Disposable pers income                58.2    46.0    54.7    32.1    81.7

Less: Personal outlays                        65.8    73.2    57.6    36.6    90.8

  PCE                                         60.4    65.6    52.4    31.6    86.9

   Goods                                       1.8    24.5    12.3     4.0    23.6

    Durable goods                             -1.5     7.4     5.1    -1.4     7.0

    Nondurable goods                           3.3    17.1     7.2     5.4    16.6

   Services                                   58.7    40.9    40.2    27.6    63.3

  Personal interest payments                   4.9     4.7     4.7     4.7     3.4

  Personal current transfer payments           0.5     3.0     0.4     0.4     0.4

   To government                               0.4     0.4     0.4     0.4     0.4

   To the rest of the world (net)

Equals: Personal saving                       -7.4   -27.3    -2.9    -4.5    -9.1

  Personal saving as a percentage of

   disposable personal income                 -0.1    -0.2     0.0     0.0    -0.1

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2012 dollars                       35.2    28.2    41.4     4.0    38.2

  Disposable personal income:

    Total, billions of chained (2012)

     dollars                                  37.7    24.4    37.6    11.7    49.2

    Per capita:

      Current dollars                        149.0   109.0   134.0    65.0   218.0

      Chained (2012) dollars                  88.0    46.0    84.0     6.0   121.0

  Population (thousands)                     199.0   215.0   225.0   224.0   214.0

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

[TOPICS: MAUDT$,MAUK5$]