Economic News Blog
Posted by: Steven Kline, Jr. 30. May 2014

Disposable Income Grows 2.0% in April 2014

According to the Bureau of Economic Analysis, April real disposable income was $11,828 billion real dollars (seasonally adjusted at an annual rate). The month-over-month rate of change in April was 2.0%. This is the fourth month in a row that the month-over-month rate of change has been at least 2.0%, which is the first time that has happened since June-September 2011. The annual rate of change, now 1.3%, continues to creep higher. Annual incomes have grown at an accelerating rate each of the last four months. The annual rate of growth is low historically, but it looks like it should continue to accelerate for several months.

Real personal income is one of the earliest leading indicators for the following end markets: aerospaceconstruction materialscustom processorselectronics, computers and telecommunications equipmentfood and beverage processingforming and fabricating (non-auto)hardwareHVACindustrial motors, hydraulics and mechanical components; machinery and equipment manufacturingmetalcutting job shopsoil, gas field and mining machinerypower generationprimary metals; and printing.

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