Personal income increased $46.7 billion (0.3 percent) in September according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $37.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $61.0 billion (0.5 percent).
Real DPI increased less than 0.1 percent in September and Real PCE increased 0.3 percent. The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.
The increase in personal income in September primarily reflected increases in compensation of employeesand nonfarm proprietors’ income.
The increase in real PCE in September primarily reflected an increase in spending for durable goods.
Personal outlays increased $59.7 billion in September (table 3). Personal saving was $797.8 billion in Septembermand the personal saving rate, personal saving as a percentage of disposable personal income, was 5.7 percent.
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