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October 30, 2015

Real Consumer Spending Increases in September

July

Aug.

0.4%

0.4%

0.1%

Currentdollar DPI

0.5%

0.4%

0.1%

Real DPI

0.4%

0.4%

0.2%

Real PCE

0.2%

0.4%

0.2%

PCE Prices

0.1%

0.0%

–0.1%

Personal
Saving
Rate

4.7%

4.7%

4.8%

Personal income increased 0.1 percent in September, after
increasing 0.4 percent in August. Wages and salaries, the
largest component of personal income, remained flat in
September after rising 0.5 percent in August.

Personal
Income

Current-dollar disposable personal income (DPI),
after-tax income, increased 0.1 percent in September after
increasing 0.4 percent in August.
Real DPI, income adjusted for taxes and inflation,
increased 0.2 percent in September after increasing
0.4 percent in August.
Real consumer spending (PCE), spending adjusted for
price changes, increased 0.2 percent in September after
increasing 0.4 percent in August. Spending on nondurable
goods decreased 0.3 percent in September after increasing
0.3 percent in August.
PCE prices decreased 0.1 percent in September, after
remaining flat in August. Excluding food and energy, PCE
prices increased 0.1 percent in September, the same
increase as in August.

Sep.

Personal saving rate
Personal saving as a percent of DPI was 4.8 percent in
September and 4.7 percent in August.

Percent Change (Monthly Rate)

Real Disposable Personal Income and
Real Consumer Spending
0.6
0.4
0.2
0.0
-0.2
-0.4

Jun

Jul

Real Disposable Personal Income

Aug

Sep

Real Consumer Spending

Source: .ureau of Economic Analysis
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 25, 2015, the estimates of October personal income and outlays will be released.
Contact: Jeannine Aversa 202–606–2649

Bureau of Economic Analysis, U.S. Department of Commerce