US Data: Personal Income and Disposition - Percent Changes>

Release for:  January 2018

Source: U.S. Department of Commerce

Percent change from previous month

                                          Sep-17  Oct-17  Nov-17  Dec-17  Jan-18

Personal income                              0.5     0.4     0.3     0.4     0.4

Compensation                                 0.4     0.2     0.5     0.4     0.5

   Wages and salaries                        0.5     0.2     0.5     0.4     0.5

     Private industries                      0.5     0.2     0.6     0.5     0.5

       Goods-producing                       0.7     0.1     0.6     0.2     0.8

         Manufacturing                       0.5     0.3     0.3    -0.1     0.8

       Services-producing                    0.5     0.2     0.6     0.5     0.4

         Trade, transportation, and

          utilities                          0.5     0.1     1.0     0.3     0.3

         Other services-producing

          industries                         0.4     0.3     0.5     0.6     0.5

     Government                              0.3     0.1     0.2     0.3     0.6

   Supplements to wages                      0.3     0.2     0.3     0.3     0.3

     Employer contributions for worker

      pension and insurance funds            0.2     0.2     0.2     0.2     0.2

     Employer contributions for govt

      social insurance                       0.5     0.2     0.5     0.4     0.6

 Proprietors' income with inventory

  valuation and capital consumption

  adjustments                                0.6     0.3     0.9    -0.2     0.2

   Farm                                     -1.3    -4.4    -4.7    -4.9     5.1

   Nonfarm                                   0.7     0.4     1.1    -0.1     0.1

 Rental income of persons with capital

  consumption adjustment                     0.6     0.7     0.5     0.4     0.5

 Pers inc. receipts on assets                0.4     0.8     0.5     0.7    -0.4

   Personal interest income                  0.3     1.3     1.3     1.3    -0.4

   Personal dividend income                  0.6     0.1    -0.7    -0.1    -0.4

  Personal current transfer receipts         0.5     0.6    -0.6     0.2     1.3

    Government social benefits to persons    0.5     0.6    -0.6     0.2     1.3

     Social Security                         0.3     0.7    -0.8     0.5     2.5

     Medicare                                0.3     0.3     0.3     0.3     0.1

     Medicaid                                0.7     0.8     0.6     0.6     0.5

     Unemployment Insurance                 -1.1    -2.1     1.1     0.0     1.1

     Veteran's benefits                      2.1    -1.8     2.2    -0.6     2.9

     Other                                   0.7     1.2    -3.8    -0.4     1.1

    Other current transfer receipts, from

     business (net)                          0.3     0.5     0.5     0.3     0.8

Less: Contributions for govt.

 social insurance                            0.4     0.2     0.5     0.4     1.6

Less: Personal current taxes                 0.9     0.9     0.8     0.5    -3.3

Equals: Disposable pers income               0.4     0.3     0.3     0.4     0.9

Less: Personal outlays                       0.9     0.4     0.7     0.4     0.2

  PCE                                        1.0     0.3     0.7     0.4     0.2

   Goods                                     2.1     0.1     1.1    -0.1     0.1

    Durable goods                            3.3     0.4     0.7     0.5    -1.5

    Nondurable goods                         1.5    -0.1     1.4    -0.4     1.0

   Services                                  0.5     0.4     0.5     0.6     0.3

  Personal interest payments                -1.0     2.4     2.4     2.3     0.8

  Personal current transfer payments         0.2     1.6     0.1     0.1     0.0

   To government                             0.3     0.3     0.3     0.3     0.0

   To the rest of the world (net)            0.0     3.6     0.0     0.0     0.0

Equals: Personal saving                    -14.0    -1.4   -13.8    -2.3    27.9

  Personal saving as a percentage of

   disposable personal income              -14.3     0.0   -13.3    -3.8    28.0

Addenda:

 Personal Income ex. Current

  transfer receipts, billions of

   chained 2005 dollars                      0.1     0.2     0.3     0.3    -0.2

  Disposable personal income:

    Total, billions of chained (2005)

     dollars                                 0.0     0.2     0.1     0.2     0.6

    Per capita:

      Current dollars                        0.3     0.3     0.2     0.3     0.9

      Chained (2005) dollars                -0.1     0.1     0.0     0.2     0.5

  Population (thousands)                     0.1     0.1     0.1     0.1     0.1

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

[TOPICS: MAUDT$,MAUK3$]