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Disposable Income Grows Faster than 2.0% for Third Month

The month-over-month rate of change in March was 2.2%.

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According to the Bureau of Economic Analysis, March real disposable income was $11,819 billion real dollars (seasonally adjusted at an annual rate). The month-over-month rate of change in March was 2.2%. This is the third month in a row that the month-over-month rate of change has been greater than 2.0%, which is the first time that has happened since July-September 2011. The annual rate of change, now 1.2%, has grown at a faster rate each of the last three months. The annual rate of growth is slow 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.

 

Gardner Business Media - Strategic Business Solutions