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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

April 30, 2018
US PERSONAL INCOME AND OUTLAY, MARCH 2018

The US Bureau of Economic Analysis reports that US personal income increased $47.9 billion, or 0.3 per cent in March (seasonally adjusted, levels at annualized rates). The increase in personal income in March primarily reflected an increase in wages and salaries, social security benefits and dividend income.  This is the ninth consecutive month with positive personal income growth in the US.

US personal disposable income increased $39.8 billion, or by 0.3 per cent.  In real per capita terms, US disposable personal income increased 0.2 per cent.  

US personal consumption expenditures increased $61.7 billion, or by 0.4 per cent in March. 

Personal savings (disposable personal income minus personal consumer expenditures, interest paid, and transfers to government and the rest of the world) was $460.6 billion in March.  The personal savings rate declined to 3.1 per cent of disposable income.

Source: US Bureau of Economic Analysis



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