According to recent data from the U.S. Bureau of Economic Analysis, personal income in September increased $94.5 billion (up 0.4% at a monthly rate). Disposable personal income (DPI – personal income less personal current taxes) increased $75.9 billion (up 0.3%) and personal consumption expenditures (PCE) increased $65.1 billion (0.3%). Personal outlays (the sum of PCE, personal interest payments, and personal current transfer payments) increased $70.7 billion in September. Personal saving was $1.09 trillion in September and the personal saving rate (personal saving as a percentage of disposable personal income) was 4.7%.
** Editor’s Note – with the U.S. government back in business, the numbers are starting to roll in, albeit late. **
Click here to read the full report at the Bureau of Economic Analysis.
