Tag Archive for ‘personal income’

U.S. Personal Income and Spending Rise in August

Personal income climbed 0.2% in August after the downwardly revised 0.3% growth in July, according to the most recent data release from the Bureau of Economic Analysis. Wages and Salaries, the biggest share of personal income, registered a slight increase of 0.04% after strong gains in June and July. Personal consumption expenditures edged up by 0.1% in August. Adjusted for… Read More ›

Gains in July U.S. Personal Income

Personal income increased 0.4% in July after showing virtually no change in the previous month, according to the most recent data release from the Bureau of Economic Analysis (BEA). This is the fastest growth since February 2017, as the wages and salaries maintained solid growth of 0.5% in July. Personal consumption expenditure rose by 0.3%, following upwardly revised 0.2% growth… Read More ›

June Personal Income and Consumption Expenditures Nearly Flat

According to the most recent data release from the Bureau of Economic Analysis (BEA), personal income remained virtually unchanged (-0.02%) since the last month. This is the first time that personal income failed to rise after a steady growth for 6 consecutive months. The BEA reported that the decrease in personal income in June primarily reflected decreases in personal dividend… Read More ›

Steady Growth in May Personal Income

Personal income climbed 0.4% in May, according to the most recent data release from the Bureau of Economic Analysis. Personal consumption expenditures inched up by 0.1% in May after strong gains in March and April. On a year-over-year comparison, personal consumption increased 4.2% in May. Disposable personal income, income remaining after deducting personal income taxes, grew by 0.6% after accounting… Read More ›

Personal Spending Rises in April

Personal consumption expenditures climbed 0.4% after gaining 0.3% in March, the fastest pace since December 2016, according to the most recent data release from the Bureau of Economic Analysis. Personal income was up by 0.4% in March after a 0.3% increase in February. The solid gain in personal income was largely driven by increases in wages and salaries that rose… Read More ›

Steady Increase in February Personal Income

Personal Income was up by 0.4% in February, a steady growth after a 0.5% increase in January, according to the most recent data release from the Bureau of Economic Analysis. Disposable personal income – income remaining after deducting personal income taxes – rose 0.2% following a 0.1% dip in January. Personal consumption expenditures edged up by 0.1% month-on-month in February…. Read More ›

Steady Growth in October Personal Income

According to the most recent data from the Bureau of Economic Analysis, personal Income rose by 0.6% in October to a seasonally adjusted annual rate of $16,260 billion. This is the largest growth within the past six months. Personal consumption expenditures edged up by 0.3%, following an upwardly revised 0.7% gain in September.  On a year-over-year comparison, personal consumption jumped… Read More ›

September Personal Spending and Income Up

Personal consumption expenditures was up by 0.5% in September following a 0.1% dip in August, according to the most recent data release from the Bureau of Economic Analysis. Personal income edged up by 0.3%, largely driven by an increase in employee compensation. Disposable personal income – income remaining after deducting personal income taxes – continued its steady growth. In September,… Read More ›

August Personal Consumption Softens while Income Rises

Personal Consumption Expenditures (PCE) was effectively unchanged in August, standing at $11.5 billion, according to the most recent data release from the Bureau of Economic Analysis. Meanwhile, personal income rose by 0.2%, almost half of the gain in July.  The gain in personal income was the weakest since a drop in February, as wages, the largest component, only increased 0.1% after… Read More ›

July Personal Consumption Expenditure Edges Up

Personal income increased by $71.7 billion in July, growing at a seasonally adjusted annual rate of 0.5%, according to the most recent data release from the Bureau of Economic Analysis.  Personal consumption expenditure rose by 0.3%, after a 0.6% increase in June. Disposable personal income – income remaining after deducting personal income taxes – continued its steady growth, and so… Read More ›