Personal Income in U.S. Increased $46.1 Billion in April

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According to the Bureau of Economic Analysis, personal income increased $46.1 billion, or 0.4 percent, and disposable personal income (DPI) increased $35.1 billion, or 0.3 percent, in April.

Personal consumption expenditures (PCE) increased $41.5 billion, or 0.4 percent. In March, personal income increased $54.6 billion, or 0.4 percent, DPI increased $46.3 billion, or 0.4 percent, and PCE increased $54.8 billion, or 0.5 percent, based on revised estimates.

Real DPI decreased less than 0.1 percent in April, in contrast to an increase of less than 0.1 percent in March. Real PCE increased 0.1 percent in April, the same increase as in March.

Private wage and salary disbursements increased $27.3 billion in April, compared with an increase of $20.6 billion in March. Goods-producing industries' payrolls increased $6.3 billion, compared with an increase of $7.5 billion; manufacturing payrolls increased $0.8 billion, compared with an increase of $6.6 billion. Services-producing industries' payrolls increased $20.9 billion, compared with an increase of $13.1 billion. Government wage and salary disbursements increased $0.3 billion, compared with an increase of $1.3 billion.

Supplements to wages and salaries increased $4.2 billion in April, compared with an increase of $4.3 billion in March.

Proprietors' income increased $4.4 billion in April, compared with an increase of $5.4 billion in March. Farm proprietors' income decreased $2.1 billion, in contrast to an increase of $0.2 billion.

Nonfarm proprietors' income increased $6.5 billion, compared with an increase of $5.3 billion.

Rental income of persons increased $3.1 billion in April, compared with an increase of $8.4 billion in March. Personal income receipts on assets (personal interest income plus personal dividend income) increased $5.0 billion, in contrast to a decrease of $2.1 billion. Personal current transfer receipts increased $5.5 billion, compared with an increase of $20.1 billion.

Contributions for government social insurance -- a subtraction in calculating personal income -- increased $3.8 billion in April, compared with an increase of $3.3 billion in March.

Personal current taxes increased $11.0 billion in April, compared with an increase of $8.3 billion in March. Disposable personal income (DPI) -- personal income less personal current taxes -- increased $35.1 billion, or 0.3 percent, in April, compared with an increase of $46.3 billion, or 0.4 percent in March.

Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased $41.3 billion in April, compared with an increase of $54.8 billion in March. PCE increased $41.5 billion, compared with an increase of $54.8 billion.

Personal saving -- DPI less personal outlays -- was $570.6 billion in April, compared with $576.7 billion in March. Personal saving as a percentage of disposable personal income was 4.9 percent in April, the same as in March.

Real DPI -- DPI adjusted to remove price changes -- decreased less than 0.1 percent in April, in contrast to an increase of less than 0.1 percent in March.

Real PCE -- PCE adjusted to remove price changes -- increased 0.1 percent in April, the same increase as in March. Purchases of durable goods increased less than 0.1 percent in

April, in contrast to a decrease of 0.6 percent in March. Purchases of nondurable goods increased less than 0.1 percent, in contrast to a decrease of 0.2 percent. Purchases of services increased 0.1 percent, compared with an increase of 0.4 percent.

PCE price index -- The price index for PCE increased 0.3 percent in April, compared with an increase of 0.4 percent in March. The PCE price index, excluding food and energy, increased 0.2 percent, compared with an increase of 0.1 percent.

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