US personal income increased by 0.2 percent from a month earlier in September 2018, easing from an upwardly revised 0.4 percent growth in August and missing market expectations of 0.3 percent. It was the smallest gain in personal income since June 2017, as increases in wages and salaries, government social benefits to persons, and rental income of persons were partially offset by a decline in proprietors’ income. Personal Income in the United States averaged 0.53 percent from 1959 until 2018, reaching an all time high of 4.60 percent in May of 2008 and a record low of -4.70 percent in January of 2013.
Personal Income in the United States is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Income in the United States to stand at 0.10 in 12 months time. In the long-term, the United States Personal Income is projected to trend around 0.30 percent in 2020, according to our econometric models.