Real Consumer Spending Increases in September

PCE Chart 1030Personal income increased 0.1 percent in September, after increasing 0.4 percent in August. Wages and salaries, the largest component of personal income, remained flat in September after rising 0.5 percent in August.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.1 percent in September after increasing 0.4 percent in August.

Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in September after increasing 0.4 percent in August.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.2 percent in September after increasing 0.4 percent in August. Spending on nondurable goods decreased 0.3 percent in September after increasing 0.3 percent in August.

PCE prices decreased 0.1 percent September, after remaining flat 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 4.8 percent in September and 4.7 percent in August.

For more information, read the full report.

personal income chart 1030


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