Economic News Blog
Posted by: Steven Kline, Jr. 2. May 2016

March Income Growth Fastest since November

(Negative) March real disposable income was $12,482 billion dollars (seasonally adjusted at an annual rate). This was an all-time high for real disposable income. In March, real disposable income grew 3.1 percent compared with one year ago, which matched the historical average growth rate. This was an improvement from the previous four months in which the growth rate was below 3.0 percent. The annual rate of change remained 3.2 percent. This was the fifth straight month that the annual rate of growth indicated a decelerating contraction. While it was still above the historical average, it was the slowest rate of annual growth since April 2015. And, it is quite likely that the rate of growth will continue to decelerate in future months

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

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