News Release
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Personal Income and Outlays, April 2017
Personal income increased $58.4 billion (0.4 percent) in April according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $56.5 billion (0.4 percent) and personal consumption expenditures (PCE) increased $53.2 billion (0.4 percent). Real DPI increased 0.2 percent in April and Real PCE increased 0.2 percent. The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.2 percent. 2016 2017 Dec. Jan. Feb. Mar. Apr. Percent change from preceding month Personal income: Current dollars 0.2 0.6 0.5 0.2 0.4 Disposable personal income: Current dollars 0.2 0.6 0.4 0.2 0.4 Chained (2009) dollars 0.0 0.1 0.3 0.4 0.2 Personal consumption expenditures (PCE): Current dollars 0.6 0.1 0.1 0.3 0.4 Chained (2009) dollars 0.4 -0.3 -0.1 0.5 0.2 Price indexes: PCE 0.2 0.5 0.1 -0.2 0.2 PCE, excluding food and energy 0.1 0.3 0.2 -0.1 0.2 Price indexes: Percent change from month one year ago PCE 1.6 1.9 2.1 1.9 1.7 PCE, excluding food and energy 1.7 1.8 1.8 1.6 1.5 BOX.________________________ QCEW Data Included in the Fourth Quarter of 2016 This news release includes revised estimates of wages and salaries, personal taxes, and contributions for government social insurance for October through December 2016 (fourth quarter). These estimates reflect the incorporation of the most recently available fourth-quarter wage and salary tabulations from the Bureau of Labor Statistics’ Quarterly Census of Employment and Wages (QCEW) program. ____________________________ The increase in personal income in April primarily reflected an increase in private wages and salaries (table 3). The increase in real PCE in April was more than accounted for by an increase in spending for both durable and nondurable goods, led by increases in recreational goods and vehicles and gasoline (table 7). Personal outlays increased $56.4 billion in April (table 3). Personal saving was $759.1 billion in April and the personal saving rate, personal saving as a percentage of disposable personal income, was 5.3 percent (table 1). Updates Estimates have been updated for October 2016 through March 2017. The percent change from the preceding month for current-dollar personal income and for current-dollar and chained (2009) dollar DPI and PCE -- revised and previously published -- are shown below for February and March. Change from preceding month February March Previous Revised Previous Revised Previous Revised Previous Revised (Billions of dollars) (Percent) (Billions of dollars) (Percent) Personal income: Current dollars 55.7 75.1 0.3 0.5 40.0 36.5 0.2 0.2 Disposable personal income: Current dollars 41.4 57.6 0.3 0.4 35.0 32.1 0.2 0.2 Chained (2009) dollars 21.8 35.6 0.2 0.3 60.8 57.4 0.5 0.4 Personal consumption expenditures: Current dollars -2.4 7.1 0.0 0.1 5.7 40.5 0.0 0.3 Chained (2009) dollars -15.9 -8.1 -0.1 -0.1 32.1 62.4 0.3 0.5 BOX.________________________ Upcoming Annual Update of the National Income and Product Accounts As part of the annual update of the national income and product accounts (NIPAs), revised estimates of personal income and outlays will be released with initial estimates for June 2017 on August 1, 2017. This regular update of the accounts will cover the most recent 3 years and the first 5 months of 2017. For more information, see the, see the GDP Technical Note.
. ____________________________ Next release: June 30, 2017 at 8:30 A.M. EDT Personal Income and Outlays: May 2017