US personal income rose 0.2 percent month-over-month in February 2019, rebounding from a 0.1 percent fall in the previous month but below market expectations of a 0.3 percent gain. The increase in personal income primarily reflected gains in wages and salaries, government social benefits to persons, and proprietors’ income that were partially offset by a decline in personal interest income. Wages and salaries, the largest component of personal income, went up 0.3 percent in February, the same as in January. Personal Income in the United States averaged 0.53 percent from 1959 until 2019, 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 0.50 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 0.40 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.