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September 29, 2014 REAL CONSUMER SPENDING ROSE IN AUGUST Personal income rose 0.3 percent in August after rising 0.2 percent in July. Wages and salaries, the largest component of personal income, rose 0.4 percent in August after rising 0.2 percent in July. Current-dollar disposable personal income (DPI), after-tax income, rose 0.3 percent in August after rising 0.2 percent in July. Real DPI, income adjusted for taxes and inflation, increased 0.3 percent in August after increasing 0.1 percent in July. Real consumer spending, spending adjusted for price changes, increased 0.5 percent in August after decreasing 0.1 percent in July. Spending on durable goods increased 1.9 percent in August after increasing 0.1 percent in July. PCE prices remained flat in August after increasing 0.1 percent in July. Excluding food and energy, PCE prices increased 0.1 percent in August, the same increase as in July. Personal saving rate Personal saving as a percent of DPI was 5.4 percent in August and 5.6 percent in July. June July August Personal Income 0.5% 0.2% 0.3% Currentdollar DPI 0.5% 0.2% 0.3% Real DPI 0.3% 0.1% 0.3% Real PCE 0.3% –0.1% 0.5% PCE Prices 0.2% 0.1% 0.0% 5.6% 5.4% Personal Saving Rate 5.4% 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 October 31, 2014, the estimates of September personal income and outlays will be released. Contact: Jeannine Aversa 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce
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