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Friday October 1, 2010 CONSUMER SPENDING RISES IN AUGUST June July Aug 0.0% 0.2% 0.5% Currentdollar DPI 0.0% 0.0% 0.5% Real DPI 0.2% –0.2% 0.2% Real consumer spending, spending adjusted for price changes, increased 0.2 percent in August the same increase that occurred in July. Real PCE 0.1% 0.2% 0.2% PCE prices increased 0.2 percent in August and July. Excluding food and energy, the PCE price index increased 0.1 percent in August. PCE Prices –0.1% 0.2% 6.0% 5.7% Personal income increased 0.5 percent in August, compared with a 0.2 percent increase in July. Wages and salaries, the largest component of personal income, increased 0.3 percent in August after a 0.4 percent increase in July. Personal Income Current-dollar disposable personal income (DPI) increased 0.5 percent after remaining flat in July. Real disposable personal income (DPI), income adjusted for inflation and taxes, increased 0.2 percent in August after decreasing 0.2 percent in July. Personal saving rate Personal saving as a percent of disposable personal income was 5.8 percent in August, compared with 5.7 percent in July. Personal Saving Rate 0.2% 5.8% Real Disposable Personal Income and Real Consumer Spending Percent change (monthly) 1.0 0.5 Real Disposable Personal Income 0.0 -0.5 Real Consumer Spending -1.0 May Jun Jul Aug BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available. NOTE: On November 1, 2010, the September estimates of personal income and outlays will be released. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
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