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Monday, October 30, 2017 Contact: Jeannine Aversa, (301)278-9003 Consumer Spending Rises in September Personal income increased 0.4 percent in September after increasing 0.2 percent in August. Wages and salaries, the largest component of personal income, increased 0.4 percent in September after increasing 0.1 percent in August. Current-dollar disposable personal income (DPI), after-tax income, increased 0.4 percent in September after increasing 0.1 percent in August. Real DPI, income adjusted for taxes and inflation, was unchanged in September after decreasing 0.1 percent in August. Real consumer spending (PCE), spending adjusted for price changes, increased 0.6 percent in September after decreasing 0.1 percent in August. Spending on durable goods increased 3.5 percent in September after decreasing 1.4 percent in August. PCE prices increased 0.4 percent in September after increasing 0.2 percent in August. Excluding food and energy, PCE prices increased 0.1 percent in September, the same increase as in August. Personal saving rate Personal saving as a percent of DPI was 3.1 percent in September and 3.6 percent in August. Jul. Aug. Sept. Personal Income 0.3% 0.2% 0.4% Currentdollar DPI 0.2% 0.1% 0.4% Real DPI 0.1% –0.1% 0.0% Real PCE 0.3% –0.1% 0.6% PCE Prices 0.1% 0.2% 0.4% 3.6% 3.6% 3.1% Personal Saving Rate Percent Change (Monthly Rate) Real Disposable Personal Income and Real Consumer Spending 0.6 0.4 0.2 0.0 -0.2 Jun. Jul. Real Disposable Personal Income Aug. Sept. 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 November 30, 2017, the October estimates of Personal Income and Outlays will be released.
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