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Friday, September 29, 2017 Contact: Jeannine Aversa, (301)278-9003 Spending on Durable Goods Falls in August Personal income increased 0.2 percent in August after increasing 0.3 percent in July. Wages and salaries, the largest component of personal income, was unchanged in August after increasing 0.5 percent in July. Jun. Jul. Aug. Personal Income 0.0% 0.3% 0.2% Currentdollar DPI 0.0% 0.2% 0.1% Real DPI 0.0% 0.1% –0.1% Real PCE 0.1% 0.2% –0.1% PCE prices increased 0.2 percent 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. PCE Prices 0.0% 0.1% 0.2% Personal saving rate Personal saving as a percent of DPI was 3.6 percent in August, the same as in July. Personal Saving Rate 3.7% 3.6% 3.6% Current-dollar disposable personal income (DPI), after-tax income, increased 0.1 percent in August after increasing 0.2 percent in July. Real DPI, income adjusted for taxes and inflation, decreased 0.1 percent in August after increasing 0.1 percent in July. Real consumer spending (PCE), spending adjusted for price changes, decreased 0.1 percent in August after increasing 0.2 percent in July. Spending on durable goods decreased 1.0 percent in August after increasing 1.3 percent in July. Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.6 0.4 0.2 0.0 -0.2 May Jun. Real Disposable Personal Income Jul. Aug. Real Consumer Spending Source: Bureau of Economic Analysis BEA statistics—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 at www.bea.gov. E-mail alerts are also available. NOTE: On October 30, 2017, the September estimates of Personal Income and Outlays will be released.
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