Personal Income and Outlays: June 2009

 

In June real personal consumption expenditures decreased 0.1 percent, in contrast to an increase of less than 0.1 percent in May. - Courtesy of Dump Patricia Eddington

Personal income decreased $159.8 billion, or 1.3 percent, and disposable personal income (DPI) decreased $143.8 billion, or 1.3 percent, in June, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $41.4 billion, or 0.4 percent. In May, personal income increased $155.1 billion, or 1.3 percent, DPI increased $168.7 billion, or 1.6 percent, and PCE increased $9.0 billion, or 0.1 percent, based on revised estimates. Real disposable income decreased 1.8 percent in June, in contrast to an increase of 1.5 percent in May.

The June change in personal income reflects selected provisions of the American Recovery and Reinvestment Act of 2009, which boosted personal current transfer receipts in May much more than in June. Excluding these receipts, personal income decreased $7.8 billion, or 0.1 percent, in June, following a decrease of $2.5 billion, or less than 0.1 percent, in May. ?EUR??,,????'??? Bureau of Economic Analysis.