Consumer Spending Falls in September

Personal Income rose 0.2 percent in September after rising 0.3 percent in August. Wages and salaries, the largest component Consumer spending chartof personal income, rose 0.2 percent in September after rising 0.5 percent in August.

Current-dollar disposable personal income (DPI), after-tax income, rose 0.1 percent in September after rising 0.3 percent in August.

Real DPI, income adjusted for taxes and inflation, remained flat in September after increasing 0.3 percent in August.

Real consumer spending, spending adjusted for price changes, decreased 0.2 percent in September after increasing 0.5 percent in August. Spending on durable goods decreased 1.9 percent in September after increasing 2.3 percent in August.

PCE prices increased 0.1 percent in September after decreasing 0.1 percent in August. Excluding food and energy, PCE prices increased 0.1 percent in September, the same increase as in August.

Personal saving rate
Personal saving as a percent of DPI was 5.6 percent in September and 5.4 percent in August.

Read the full report.

Real Disposable Personal Income and Real Consumer Spending


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