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News Release_ Personal Income and Outlays

News Release_ Personal Income and Outlays

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Published by Becket Adams
News Release_ Personal Income and Outlays
News Release_ Personal Income and Outlays

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Published by: Becket Adams on Jun 27, 2013
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07/31/2013

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6/27/13 News Release: Personal Income and Outlayswww.bea.gov/newsreleases/national/pi/pinewsrelease.htm 1/2
About NationalMethodologiesArticlesRelease ScheduleStaff ContactsEmail SubscriptionsEMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, THURSDAY, JUNE 27, 2013BEA 13-
HomeNationalInternationalRegionalIndustryInteractive DataAbout BEAFAQsContact Us
* See the navigation bar at the right side of the news release text for links to data tables,contact personnel and their telephone numbers, and supplementary materials.James Rankin:(202) 606-5301(Personal Income)piniwd@bea.govHarvey Davis:(202) 606-5302(Personal Consumption Expenditures)pce@bea.gov
PERSONAL INCOME AND OUTLAYS, MAY 2013
Personal income increased $69.4 billion, or 0.5 percent, and disposable personal income (DPI)increased $57.0 billion, or 0.5 percent, in May, according to the Bureau of Economic Analysis.Personal consumption expenditures (PCE) increased $29.0 billion, or 0.3 percent. In April,personal income increased $18.3 billion, or 0.1 percent, DPI increased $6.5 billion, or 0.1 percent,and PCE decreased $39.6 billion, or 0.3 percent, based on revised estimates.Real disposable income increased 0.4 percent in May, compared with an increase of 0.3percent in April. Real PCE increased 0.2 percent, in contrast to a decrease of 0.1 percent.2013Jan. Feb. Mar. Apr. May(Percent change from preceding month)Personal income, current dollars -4.4 1.2 0.2 0.1 0.5Disposable personal income:Current dollars -5.2 1.2 0.2 0.1 0.5Chained (2005) dollars -5.2 0.8 0.3 0.3 0.4Personal consumption expenditures:Current dollars 0.1 0.7 0.2 -0.3 0.3Chained (2005) dollars 0.1 0.3 0.3 -0.1 0.2FOOTNOTE.________Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified. Month-to-monthdollar changes are differences between these published estimates. Month-to-month percent changes are calculated fromunrounded data and are not annualized. “Real” estimates are in chained (2005) dollars.This news releaseis available on BEA’s Web site atwww.bea.gov/newsreleases/rels.htm. _________________Wages and salariesPrivate wage and salary disbursements increased $19.7 billion in May, compared with an increase of$6.5 billion in April. Goods-producing industries' payrolls increased $3.9 billion, in contrast to a decreaseof $0.8 billion; manufacturing payrolls increased $0.6 billion, in contrast to a decrease of $1.1 billion.Services-producing industries' payrolls increased $15.8 billion, compared with an increase of $7.4 billion.Government wage and salary disbursements increased $0.8 billion, compared with an increase of $0.2 billion.Other personal incomeSupplements to wages and salaries increased $3.4 billion in May, compared with an increase of $2.5 billion in April.Proprietors' income decreased $1.3 billion in May, in contrast to an increase of $1.1 billion in April.Farm proprietors' income decreased $6.7 billion in May, the same decrease as in April. Nonfarm proprietors'income increased $5.4 billion in May, compared with an increase of $7.8 billion in April.Rental income of persons decreased $0.7 billion in May, compared with a decrease of $1.5 billion in April.Personal income receipts on assets (personal interest income plus personal dividend income) increased $31.2 billion,compared with an increase of $26.7 billion.Personal current transfer receipts increased $19.4 billion in May, in contrast to a decrease of $15.7 billion in April.Within current transfer receipts, government social benefits to persons for social security increased $11.8 billion, incontrast to a decrease of $9.6 billion.Contributions for government social insurance -- a subtraction in calculating personal income -- increased $3.1 billionin May, compared with an increase of $1.4 billion in April.Personal current taxes and disposable personal incomePersonal current taxes increased $12.5 billion in May, compared with an increase of $11.8 billion in April. Disposablepersonal income (DPI) -- personal income less personal current taxes -- increased $57.0 billion, or 0.5 percent, in May,compared with an increase of $6.5 billion, or 0.1 percent in April.Personal outlays and personal savingPersonal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased $28.5 billion in May, incontrast to a decrease of $40.0 billion in April. PCE increased $29.0 billion, in contrast to a decrease of $39.6 billion.Personal saving -- DPI less personal outlays -- was $387.6 billion in May, compared with $359.2 billion in April. The personal saving r-- personal saving as a percentage of disposable personal income -- was 3.2 percent in May, compared with 3.0 percent in April. For acomparison of personal saving in BEA's national income and product accounts with personal saving in the Federal Reserve Board's flow offunds accounts and data on changes in net worth, go tohttp://www.bea.gov/national/nipaweb/Nipa-Frb.asp.Real DPI, real PCE, and PCE price index

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