In Economics/Politics

Both personal income and disposable personal income have increased with personal income being increased by $6.2 billion, which is lesser than 0.1%, and DPI (disposable personal income) which was increased by $1.6 billion, also is lesser than 0.1%. This information was recorded in March and was recorded by the Bureau of Economic Analysis.

Personal consumption expenditures also increased by $53.4 billion, or the increase percent was 0.4 % In February, personal income had increased $66.4 billion, or the increase percent was 0.4%, disposable personal income had increased $61.2 billion, or 0.5%, and personal consumption expenditures increased $20.8 billion, or 0.2%, based on revived estimates.

Disposable personal income had decreased 0.2% in March, compared to a 0.3% increase in February. Personal consumption expenditures increased to 0.3%, in comparison to a decrease that was less than 0.1%.

Compensation

Workplace wages and salaries increased to $16.3 billion in March, which shot low compared to the increase of $24.2 billion in February. Private company wages and salaries increased to $15.2 billion, which again did not surpass the increase of $22.6 billion the month before. Government wages and salaries increased to $1.0 billion, compared to an increase of $1.7 billion. Supplements to wages and salaries increased to $4.2 billion in March, almost $1.0 billion less compared to the increase of $5.1 billion in February.
Other Personal Income

Proprietors’ income decreased $1.5 billion in March, compared to an even greater decrease of $7.7 billion in February. Farm proprietors’ income decreased $7.7 billion, compared to a slightly less decrease of $7.6 billion in February. Nonfarm proprietors’ income increased $6.1 billion in March; nonfarm proprietors’ income was unchanged in February whilst other incomes suffered drastic changes going from February to March.

Rental income increased to $3.2 billion in March, compared to a much lesser increase of $2.6 billion in February. Personal income receipts on assets (personal interest income plus personal dividend income) decreased to $33.1 billion, compared to an increase of $29.7 billion the month before. Personal current transfer receipts increased $18.8 billion, compared to a more diminishing return of $15.6 billion in February.

Personal Outlays and Personal Saving

Personal outlays, or PCE, personal interest payments, and personal current transfer payments increased to $57.6 billion in March, compared to an increase of $24.9 billion in February. PCE increased $53.4 billion, compared to an increase of only $20.8 billion the preceding month. Personal saving (DPI less personal outlays) was $702.6 billion in March, compared to $758.6 billion in February. The personal saving rate (personal saving as a percentage of disposable personal income) was 5.3 percent in March, compared to 5.7 percent in February. If you feel the need to review a comparison of personal saving in BEA’s national income and product accounts with personal saving in the Federal Reserve Board’s financial accounts of the United States and data on changes in net worth, you can visit https://www.bea.gov/national/nipaweb/nipa-frb.asp for all of the information you would want to review.

Real DPI, Real PCE, and Price Index

Real DPI (DPI adjusted to remove price changes) decreased 0.2 percent in March, compared to an increase of 0.3 percent in February.

Real PCE (PCE adjusted to remove price changes) increased 0.3 percent in March, compared to a decrease of less than 0.1 percent in February. Purchases of durable goods increased 2.0 percent, compared to a decrease of 1.1 percent the month before. Purchases of motor vehicles and parts accounted for most of the increase in March and for most of the decrease in February. Purchases of nondurable goods increased 0.2 percent in March, in comparison to a decrease of 0.1 percent in February. Purchases of services increased less than 0.1 percent, compared to an increase of 0.2 percent.

The price index for PCE increased 0.2 percent in March, the same increase as in February. The price index for PCE, excluding food and energy, increased 0.1 percent in March which is the same increase as it was in February.

The March price index for PCE increased 0.3 percent from its previous state from March over a year ago. The March price index for PCE, excluding food and energy, increased 1.3 percent from its previous percentage from March over a year ago.

Personal Current Taxes and Disposable Personal Income

Personal current taxes had increased to $4.6 billion in March, in comparison to an increase of $5.1 billion in February. Disposable personal income (personal income and less personal current taxes) increased $1.6 billion, or less than 0.1 percent in March, in contrast with an increase of $61.2 billion, or 0.5 percent, in February.

Upcoming Annual Revision of the National Income and Product Accounts

As part of the annual revision of US’ national income and product accounts (NIPAs), revised estimates of only personal income and outlays will be released adjacent with preliminary estimates for June 2015 on August 3rd, 2015. Along with the regular revision of estimates for the most recent 3 years and for the first 5 months of 2015, personal income and other select components will be able for further back revisions.

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