October 31, 2019
In September, personal income rose $50.2 billion (0.3%) in the U.S, according to estimates released by the Bureau of Economic Analysis. Disposable personal income (DPI) climbed $55.7 billion (0.3%) and personal consumption expenditures (PCE) grew $24.3 billion (0.2%).
Real DPI rose 0.3% in September and Real PCE climbed 0.2%. The PCE price index fell 0.1%. The PCE price index less food and energy increased less than 0.1%.
The growth in personal income in September was primarily attributable to increases in personal interest income, farm proprietors’ income, and government social benefits to persons.
Personal outlays improved $23.0 billion in September while personal saving was $1.38 trillion and the personal saving rate, personal saving as a percentage of disposable personal income, was 8.3%.
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