Disposable Income Growing Slower

The annual rate of growth decelerated to 2.7%, which was its slowest rate of growth since December 2017.

In May 2019, real disposable income was $14,608 billion, an increase of 2.3% compared with one year ago. That was the third slowest rate of income growth since February 2017 (only the last months were slower) and down from the peak rate of month-over-month growth of 3.6% in December 2018. 

The annual rate of growth decelerated to 2.7%, which was its slowest rate of growth since December 2017. The annual rate of growth was either 2.7% or 2.8% since January 2018. With noticeably slower growth since March , it is likely that the annual rate of growth in disposable income will decelerate more in the months ahead.

Keep in mind that changes in real disposable income typically leads capital equipment consumption by almost 24 months.

Reports

Top Shops

‘Top Shops’ is a benchmarking and recognition program designed to help shops build their business.

World Machine Tool Survey

An independent annual survey that collects statistics from machine tool consuming and producing countries and compares them in real U.S. dollars.

Capital Spending Survey

An annual survey that collects statistics regarding budgeted spending on machine tools, testing equipment, software and more.

Gardner Business Index

A diffusion index measuring month-to-month changes in activity at durable goods and discrete parts manufacturing facilities.