St. Paul, MN (March 12, 2019) — According to Steven Kline, Jr., Chief Data Officer for Gardner Business Media, December’s rate of growth in real disposable income was the fastest since September 2015. The annual rate of growth accelerated ever so slightly to 2.9 percent, which broke a string of 10 consecutive months of 2.8-percent growth in disposable income. This should lead to faster growth in consumer spending.
In December 2018, real disposable income was $14,635 billion. As is normally the case, real disposable income set an all-time high this month, up 3.9 percent from one year ago. December was the first month with above-average income growth (3.1 percent) since October 2015.
The annual rate of growth accelerated ever so slightly to 2.9 percent, which broke a string of 10 consecutive months of 2.8-percent growth in disposable income. December’s annual rate of growth was the fastest since May 2016. It is possible that the annual rate of growth will accelerate for a few more months
Keep in mind that changes in real disposable income typically lead capital equipment consumption by almost 24 months.
Matsuura Machinery USA, Inc., located in St. Paul, MN is the U.S. subsidiary of Matsuura Machinery Corporation in Japan. Since 1935, Matsuura has been the forerunner in designing innovative technology and manufacturing solutions to a variety of industries around the globe. Matsuura Machinery USA, Inc. delivers unmatched excellence in 5-axis, vertical, horizontal, linear motor, multi-tasking CNC machine tools and machines with a powder bed metal AM platform with machining capability. Matsuura Machinery USA, Inc. provides the service, applications and technical field support that have always been the Matsuura standard for business. For more information on Matsuura products, contact: [email protected] or visit: www.matsuurausa.com.