BEA News: Personal Income and Outlays, May 2012

The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today:

Personal income increased $25.4 billion, or 0.2 percent, and disposable personal income (DPI) increased $18.5 billion, or 0.2 percent, in May, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE) decreased $4.7 billion, or less than 0.1 percent.  In April, personal income increased $29.4 billion, or 0.2 percent, DPI increased $19.5 billion, or 0.2 percent, and PCE increased $16.2 billion, or 0.1 percent, based on revised estimates.

The full text of the release on BEA's Web site can be found at www.bea.gov/newsreleases/national/pi/pinewsrelease.htm

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