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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

June 30, 2017
US PERSONAL INCOME AND OUTLAY, MAY 2017

 

Today, the Bureau of Economic Analysis reported that:

  • US personal income increased $67.1 billion, or by 0.4 per cent (all data are seasonally adjusted at annual rates), in May.
  • US personal disposable income (DPI) increased $71.7 billion, or by 0.5 per cent.
  • US personal consumption expenditures (PCE) increased $7.3 billion, or by 0.1 per cent month to month. 
  • Personal savings (disposable personal income minus personal outlays consisting of consumption, interest paid, and transfers to government and the rest of the world) was $791.0 billion in May.
  • The personal savings rate (share of DPI) was 5.5 percent in May.

In real terms:

  • Real personal disposable income (real DPI)  increased 0.6 percent in May.
  • Real personal consumption expenditures (real PCE) increased 0.1 percent in May.

 

 

 

 Source: US Bureau of Economic Analysis



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