EMBARGOED UNTIL RELEASE AT 8:30 A.M. EDT, Tuesday, May 31, 2016
BEA 16—25


* See the navigation bar at the right side of the news release text for links to data tables,
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Technical: Kurt Kunze (301) 278-9087 (Personal Income) piniwd@bea.gov
  Kyle Brown (301) 278-9086 (Personal Consumption Expenditures) pce@bea.gov
Media: Jeannine Aversa (301) 278-9003  
PERSONAL INCOME AND OUTLAYS, APRIL 2016
Personal income increased $69.8 billion, or 0.4 percent, and disposable personal income (DPI)
increased $63.5 billion, or 0.5 percent, in April, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $119.2 billion, or 1.0 percent.  In March,
personal income increased $56.7 billion, or 0.4 percent, DPI increased $49.6 billion, or 0.4 percent,
and PCE increased $3.7 billion, or less than 0.1 percent, based on revised estimates.

Real DPI increased 0.2 percent in April, compared with an increase of 0.3 percent in March.
Real PCE increased 0.6 percent, in contrast to a decrease of less than 0.1 percent.

                                        2015            2016
                                        Dec.            Jan.            Feb.            Mar.            Apr.
                                                       (Percent change from preceding month)
Personal income, current dollars        0.3             0.4             0.1             0.4             0.4
Disposable personal income:
 Current dollars                        0.3             0.6             0.1             0.4             0.5
 Chained (2009) dollars                 0.4             0.4             0.2             0.3             0.2
Personal consumption expenditures:
 Current dollars                        0.1             0.1             0.2             0.0             1.0
 Chained (2009) dollars                 0.2             0.0             0.3             0.0             0.6


BOX.______________
This news release presents revised estimates of wages and salaries, personal taxes, and contributions for
government social insurance for October through December 2015 (fourth quarter).These estimates reflect the
incorporation of the most recently available fourth-quarter wage and salary tabulations from the Quarterly
Census of Employment and Wages (QCEW) from the Bureau of Labor Statistics.
__________________

FOOTNOTE._________
Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified.
Month-to-month dollar changes are differences between these published estimates. Month-to-month percent
changes are calculated from unrounded data and are not annualized.  Real estimates are in chained (2009) dollars.

This news release is available on BEAs Web site at www.bea.gov/newsreleases/rels.htm.
__________________

                                Compensation

Wages and salaries increased $38.6 billion in April, compared with an increase of $30.7 billion in March.
Private wages and salaries increased $37.2 billion, compared with an increase of $27.6 billion.  Government
wages and salaries increased $1.4 billion, compared with an increase of $3.1 billion.

Supplements to wages and salaries increased $5.9 billion in April, compared with an increase of $5.5 billion in March.

                                Other personal income

Proprietors' income increased $7.8 billion in April, in contrast to a decrease of $1.0 billion in March.
Farm proprietors' income increased $0.3 billion, in contrast to a decrease of $1.5 billion.  Nonfarm proprietors'
income increased $7.5 billion, compared with an increase of $0.6 billion.

Rental income of persons increased $2.5 billion in April, compared with an increase of $5.5 billion in March.
Personal income receipts on assets (personal interest income plus personal dividend income) increased $7.2 billion,
compared with an increase of $13.1 billion.

Personal current transfer receipts increased $12.5 billion in April, compared with an increase of $6.3 billion
in March.  Within current transfer receipts, government social benefit payments to persons for April increased
$12.3 billion, primarily reflecting an upturn in Social Security payments.

Contributions for government social insurance -- a subtraction in calculating personal income -- increased
$4.7 billion in April, compared with an increase of $3.4 billion in March.

                                Personal current taxes and disposable personal income

Personal current taxes increased $6.3 billion in April, compared with an increase of $7.1 billion in March.
Disposable personal income (DPI) -- personal income less personal current taxes -- increased $63.5 billion,
or 0.5 percent, compared with an increase of $49.6 billion, or 0.4 percent.

                                Personal outlays and personal saving

Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased
$121.7 billion in April, compared with an increase of $1.8 billion in March.  PCE increased $119.2 billion,
compared with an increase of $3.7 billion.

Personal saving -- DPI less personal outlays -- was $751.1 billion in April, compared with $809.4 billion
in March.  The personal saving rate -- personal saving as a percentage of disposable personal  income -- was
5.4 percent, compared with 5.9 percent.  For a comparison of personal saving in BEA's national income and
product accounts with personal saving in the Federal Reserve Board's Financial Accounts of the United States
and data on changes in net worth, go to www.bea.gov/national/nipaweb/nipa-frb.asp.

                                Real DPI, real PCE, and price index

Real DPI -- DPI adjusted to remove price changes -- increased 0.2 percent in April, compared with an increase
of 0.3 percent in March.

Real PCE -- PCE adjusted to remove price changes -- increased 0.6 percent in April, in contrast to a decrease
of less than 0.1 percent in March.  Purchases of durable goods increased 2.2 percent, compared with an increase
of 0.2 percent.  Purchases of motor vehicles and parts accounted for most of the increase in April.  Purchases
of nondurable goods increased 0.7 percent in April, compared with an increase of 0.4 percent in March.  Purchases
of services increased 0.4 percent, in contrast to a decrease of 0.2 percent.

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

The April PCE price index increased 1.1 percent from April a year ago. The April PCE price index, excluding food
and energy, increased 1.6 percent from April a year ago.

                                Revisions

Estimates have been revised for October through March.  Changes in personal income, in current-dollar and
chained (2009) dollar DPI, and in current-dollar and chained (2009) dollar PCE for February and for March -- revised
and as published in last month's release -- are shown below.

Estimates of wages and salaries have been revised for October through March.  The revision to fourth-quarter wages
and salaries reflected the incorporation of the most recently available Bureau of Labor Statistics tabulations
of fourth-quarter wages and salaries from the Quarterly Census of Employment and Wages.  Revised estimates for
January, February, and March reflect extrapolations from the revised fourth-quarter level of wages.  In addition,
revisions to February and March reflect revised BLS employment, hours, and earnings data.


                                                                Change from preceding month
                                        February                                  March
                                        Previous   Revised   Previous   Revised   Previous   Revised   Previous   Revised
                                       (Billions of dollars)      (Percent)      (Billions of dollars)      (Percent)
Personal income:
 Current dollars                            12.0      15.3        0.1       0.1       57.4      56.7        0.4       0.4
Disposable personal income:
 Current dollars                            11.4      14.1        0.1       0.1       50.4      49.6        0.4       0.4
 Chained (2009) dollars                     22.6      23.4        0.2       0.2       39.2      37.6        0.3       0.3
Personal consumption expenditures:
 Current dollars                            21.4      30.8        0.2       0.2       12.8       3.7        0.1       0.0
 Chained (2009) dollars                     30.6      37.7        0.3       0.3        5.5      -3.5        0.0       0.0

BOX._____________________
                                Upcoming Annual Revision of the National Income and Product Accounts

As part of the annual revision of the national income and product accounts (NIPAs), revised estimates of personal income and outlays will
be released in conjunction with preliminary estimates for June 2016 on August 2, 2016.  This regular revision of the estimates will cover
the most recent 3 years and the first 5 months of 2016.  For more information, see "Preview of the Upcoming Annual NIPA Revision" included
in the May Survey of Current Business article on "GDP and the Economy".
_________________________

BEA's national, international, regional, and industry estimates; BEA news releases; and related articles in the Survey of Current Business
are available for free on BEA's Web site at www.bea.gov.  The entire historical time series for these estimates can be accessed in BEA's
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BEA's news release schedule is available at www.bea.gov/newsreleases/news_release_sort_national.htm

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Next release  June 29, 2016 at 8:30 A.M. EDT Personal Income and Outlays for May