Personal Spending Rises The Most in Nearly 6 Years


Personal consumption in the US jumped 0.9 percent in May over the previous month following a gain of only 0.1 percent in April. It is the biggest increase since August of 2009.

In May, personal income increased $79.0 billion, or 0.5 percent, and disposable personal income (DPI) increased $65.5 billion, or 0.5 percent. Personal consumption expenditures (PCE) increased $105.9 billion, or 0.9 percent.

In April, personal income increased $69.6 billion, or 0.5 percent, DPI increased $57.0 billion, or 0.4 percent, and PCE increased $8.5 billion, or 0.1 percent, based on revised estimates.

Real DPI increased 0.2 percent in May, compared with an increase of 0.4 percent in April.  Real PCE increased 0.6 percent, compared with an increase of less than 0.1 percent.

Wages and salaries increased $37.1 billion in May, compared with an increase of $21.6 billion in April. Private wages and salaries increased $34.8 billion, compared with an increase of $19.4 billion. Government wages and salaries increased $2.4 billion, compared with an increase of $2.1 billion. Supplements to wages and salaries increased $5.7 billion in May, compared with an increase of $4.5 billion in April.

Personal Spending Rises The Most in Nearly 6 Years


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
6/25/2015 2:00:26 PM