BEA Reports 0.2% Monthly Increase in Personal Income

The U.S. Bureau of Economic Analysis said personal income increased $54.9 billion, or 0.2% at a monthly rate, in June.

The U.S. Bureau of Economic Analysis said personal income increased $54.9 billion, or 0.2% at a monthly rate, in June.

Disposable personal income increased $48.3 billion, or 0.2%, and personal consumption expenditures increased $65.2 billion, or 0.3%.

Personal outlays increased $70.0 billion in June.

Personal saving was $646.1 billion in June, and the personal saving rate was 2.7%.

The release reports June changes in personal income, disposable personal income, consumption expenditures, outlays, and saving.

Disposable personal income is personal income less personal current taxes. Personal outlays are the sum of personal consumption expenditures, personal interest payments, and personal current transfer payments.