Income Growth Slowest since January 2014
(Negative) June real disposable income was $12,601 billion dollars (seasonally adjusted at an annual rate). This was an all-time high for real disposable income. In June, real disposable income grew 2.2 percent compared with one year ago, which was the slowest rate of growth since January 2014. The month-over-month rate of growth was below average in four of the last five months. The annual rate of growth has decelerated steadily since August 2015. In June, the annual rate of growth was the slowest since November 2014. Also, this was the first time the growth rate was below average since November 2014.
Real disposable income is one of the earliest leading indicators for the following end markets: aerospace; construction materials; custom processors; electronics/computers/telecommunications equipment; food/beverage processing; forming/fabricating (non-auto); hardware; HVAC; industrial motors/hydraulics/mechanical components; machinery/equipment manufacturing; metalcutting job shops; oil/gas field/mining machinery; power generation; primary metals; and printing.blog comments powered by Disqus