Keeping you up to date on the latest data releases.
- Personal Income
Nominal personal income climbed 0.4 percent (nonannualized) in March following a 0.5 percent increase in April and is trending at a 12-month growth rate of 1.6 percent. Disposable personal income (personal income less current taxes) rose 0.4 percent while nominal consumption expenditures inched up 0.2 percent during the month. The personal savings rate (as a percentage of disposable income) rose from 3.8 percent to 4.0 percent in May, its highest level since last September. After adjusting for price effects, “real” personal income increase 0.3 percent in May and is trending at an annualized 3-month growth rate of 2.8 percent over the past three months, slightly above its year-over-year growth of 2.6 percent.