According to the August 30th 8:30 A.M. 2012 release by the Bureau of Economic Analysis, personal income increased $42.3 billion or .3% in July 2012.
The bureau further reported that DPI, Disposable Personal Income increased $39.9 billion, or .3% in July. PCE, Personal Consumption Expenditures increased $46 billion, or .4%.
Previously, in June, personal income had increased $46.1 billion, or .3%. DPI increased $37.4 billion, or .3%, disposable personal income had increased $37.4 billion, or .3%, and PCE increased $3.5 billion, or less than .1%.
Wages and Salaries – Private wage and salary disbursements increase $16.1 billion in July, which compares with an increase of $28.5 billion in June. Goods producing industry payrolls increased $5.5 billion, compared with an increase of $7.1 billion overall.
Other personal income – supplements to wages and salaries increased $4.3 billion in July 2012, compared with $4.1 billion in June.
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