Consumer Spending Rises in September

Personal income increased 0.3 percent in September after increasing 0.2 percent inconsumer-spending-charrt-oct-31
August. Wages and salaries, the largest component of personal income, increased 0.3 percent in September after increasing 0.1 percent in August.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in September after increasing 0.2 percent in August.

Real DPI, income adjusted for taxes and inflation, remained flat in September—the same as in August.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in September after decreasing 0.2 percent in August. Spending on durable goods increased 1.8 percent in September after decreasing 1.9 percent in August.

PCE prices increased 0.2 percent in September—the same increase as in August. Excluding food and energy, PCE prices increased 0.1 percent in September after increasing 0.2 percent in August.

Personal saving rate
Personal saving as a percent of DPI was 5.7 percent in September and 5.8 percent in August.

real-disposable-personal-income-oct-31

For more information, read the full report.


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