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MONDAY October 30, 2006 PERSONAL INCOME ACCELERATES, CONSUMER SPENDING TURNS UP Real disposable personal income, the amount available for spending or saving, increased 0.8 percent in September after increasing 0.2 percent in August. Real consumer spending increased 0.4 percent after decreasing 0.1 percent, according to estimates released today by the Bureau of Economic Analysis. Real Disposable Personal Income and Real Consumer Spending 5 Percent change(monthly) 4 3 2 * 1 0 -1 -2 -3 -4 * Reflects impact of Hurricane Katrina -5 Sep Oct Nov Dec Jan Feb Real Disposable Personal Income Mar Apr May Jun Jul Aug Sep Real Consumer Spending Personal Income and Spending Personal income, a broad measure that includes all sources of income, rose 0.5 percent in September, after increasing 0.4 percent in August. Wages and salaries, the largest component of personal income, increased 0.5 percent after increasing 0.2 percent. Growth turned up in private industries, reflecting an upturn in services industries. The upturn in real consumer spending reflected upturns in spending for durable and nondurable goods. Prices The Personal Consumption Expenditures (PCE) price index decreased 0.3 percent in September, reflecting a decline in energy prices. In August, the PCE price index rose 0.3 percent. 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 30, 2006, the October estimate of Personal Income will be released. Contact: Ralph Stewart 202–606–2649 Bureau of Economic Analysis, U.S. Department of Commerce