Consumer Spending Rises in September

Personal income increased 0.4 percent in September after increasing 0.2 percent in August. Wages and salaries, the largestPersonal Income Chart Oct 30component of personal income, increased 0.4 percent in September after increasing 0.1 percent in August.

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

Real DPI, income adjusted for taxes and inflation, was unchanged in September after decreasing 0.1 percent in August.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.6 percent in September after decreasing 0.1 percent in August. Spending on durable goods increased 3.5 percent in September after decreasing 1.4 percent in August.

PCE prices increased 0.4 percent in September after increasing
0.2 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 3.1 percent in September and 3.6 percent in August.

For more information, read the full report.

Personal Income Graph Oct 30


Enter your email address to follow this blog and receive notifications of new posts by email.

Archives


%d bloggers like this: