BEA News: Personal Income and Outlays, June 2012. Revised estimates: 2009 through May 2012

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

Personal income increased $61.8 billion, or 0.5 percent, and disposable personal income (DPI) increased $52.4 billion, or 0.4 percent, in June, according to the Bureau of Economic Analysis.  Personal consumption expenditures (PCE) decreased $1.3 billion, or less than 0.1 percent.  In May, personal income increased $39.0 billion, or 0.3 percent, DPI increased $31.7 billion, or 0.3 percent, and PCE decreased $13.3 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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