Personal income in May 2012 rose 0.2 percent. Nominal personal consumption expenditures (PCE) was unchanged and real PCE increased 0.1 percent. Nominal disposable personal income (DPI) rose 0.2 percent and real DPI increased 0.3 percent. The personal saving rate as a percentage of DPI was 3.9 percent in May.
Real gross domestic product (GDP) grew at an annual rate of 1.9 percent in the first quarter of 2012, according to today’s third estimate. This follows a growth rate of 3.0 percent in the fourth quarter of 2011.
The U.S. current account deficit increased to $137.3 billion or 3.6 percent of gross domestic product (GDP) in the first quarter of 2012, up from $118.7 billion (revised) or 3.1 percent of GDP in the fourth quarter of 2011.
The April 2012 international trade deficit declined 4.9 percent from March, to $50.1 billion. Exports fell 0.8 percent, to $182.9 billion, and imports declined 1.7 percent, to $233.0 billion.
Personal income in April 2012 rose 0.2 percent. Nominal personal consumption expenditures (PCE) grew 0.3 percent and real PCE increased 0.3 percent. Nominal disposable personal income (DPI) rose 0.2 percent and real DPI increased 0.2 percent. The personal saving rate as a percentage of DPI was 3.4 percent in April.
