Personal income increased $58.4 billion (0.4 percent) in April according to estimates released today by the
Bureau of Economic Analysis. Disposable personal income (DPI) increased $56.5 billion (0.4 percent) and personal
consumption expenditures (PCE) increased $53.2 billion (0.4 percent).

Real DPI increased 0.2 percent in April and Real PCE increased 0.2 percent. The PCE price index increased 0.2 percent.
Excluding food and energy, the PCE price index increased 0.2 percent.

                                                2016    2017
                                                Dec.    Jan.    Feb.    Mar.    Apr.
                                                Percent change from preceding month
Personal income:
 Current dollars                                0.2     0.6     0.5     0.2     0.4
Disposable personal income:
 Current dollars                                0.2     0.6     0.4     0.2     0.4
 Chained (2009) dollars                         0.0     0.1     0.3     0.4     0.2
Personal consumption expenditures (PCE):
 Current dollars                                0.6     0.1     0.1     0.3     0.4
 Chained (2009) dollars                         0.4    -0.3    -0.1     0.5     0.2
Price indexes:
 PCE                                            0.2     0.5     0.1    -0.2     0.2
 PCE, excluding food and energy                 0.1     0.3     0.2    -0.1     0.2

Price indexes:                                 Percent change from month one year ago
 PCE                                            1.6     1.9     2.1     1.9     1.7
 PCE, excluding food and energy                 1.7     1.8     1.8     1.6     1.5

BOX.________________________
                                QCEW Data Included in the Fourth Quarter of 2016

This news release includes revised estimates of wages and salaries, personal taxes, and contributions for government
social insurance for October through December 2016 (fourth quarter). These estimates reflect the incorporation of the
most recently available fourth-quarter wage and salary tabulations from the Bureau of Labor Statistics’ Quarterly
Census of Employment and Wages (QCEW) program.
____________________________

The increase in personal income in April primarily reflected an increase in private wages and salaries (table 3).

The increase in real PCE in April was more than accounted for by an increase in spending for both durable and
nondurable goods, led by increases in recreational goods and vehicles and gasoline (table 7).

Personal outlays increased $56.4 billion in April (table 3). Personal saving was $759.1 billion in April and the
personal saving rate, personal saving as a percentage of disposable personal income, was 5.3 percent (table 1).

                                Updates

Estimates have been updated for October 2016 through March 2017. The percent change from the preceding month for
current-dollar personal income and for current-dollar and chained (2009) dollar DPI and PCE -- revised and previously
published -- are shown below for February and March.


                                                        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                    55.7      75.1        0.3       0.5       40.0      36.5        0.2       0.2
Disposable personal income:
 Current dollars                    41.4      57.6        0.3       0.4       35.0      32.1        0.2       0.2
 Chained (2009) dollars             21.8      35.6        0.2       0.3       60.8      57.4        0.5       0.4
Personal consumption expenditures:
 Current dollars                    -2.4       7.1        0.0       0.1        5.7      40.5        0.0       0.3
 Chained (2009) dollars            -15.9      -8.1       -0.1      -0.1       32.1      62.4        0.3       0.5

BOX.________________________
                Upcoming Annual Update of the National Income and Product Accounts

As part of the annual update of the national income and product accounts (NIPAs), revised estimates of
personal income and outlays will be released with initial estimates for June 2017 on
August 1, 2017. This regular update of the accounts will cover the most recent 3 years and the first
5 months of 2017. For more information, see the, see the GDP Technical Note.

 .
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                                Next release:  June 30, 2017 at 8:30 A.M. EDT
                                  Personal Income and Outlays:  May 2017