Personal income decreased $109.6 billion (0.4 percent at a monthly rate) in May, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)-personal income less personal current taxes-decreased $125.0 billion (0.6 percent) and personal consumption expenditures (PCE) decreased $29.3 billion (0.1 percent). Personal outlays-the sum of PCE, personal interest payments, and personal current transfer payments-decreased $27.6 billion in May. Personal saving was $1.01 trillion in May and the personal saving rate-personal saving as a percentage of disposable personal income-was 4.5 percent. Full Text
