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Personal Income and Outlays, August 2016
Personal income increased $39.3 billion (0.2 percent) in August according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $31.9 billion (0.2 percent) and personal consumption expenditures (PCE) increased $6.2 billion (less than 0.1 percent). Real DPI increased 0.1 percent in August and Real PCE decreased 0.1 percent. The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent. 2016 Apr May Jun Jul Aug Percent change from preceding month Personal income: Current dollars 0.5 0.3 0.3 0.4 0.2 Disposable personal income: Current dollars 0.5 0.3 0.3 0.4 0.2 Chained (2009) dollars 0.2 0.1 0.2 0.3 0.1 Personal consumption expenditures (PCE): Current dollars 1.1 0.3 0.5 0.4 0.0 Chained (2009) dollars 0.7 0.2 0.4 0.3 -0.1 Price indexes: PCE 0.3 0.2 0.1 0.0 0.1 PCE, excluding food and energy 0.2 0.2 0.1 0.1 0.2 Price indexes: Percent change from month one year ago PCE 1.0 1.0 0.9 0.8 1.0 PCE, excluding food and energy 1.6 1.6 1.6 1.6 1.7 The increase in personal income in August primarily reflected increases in compensation of employees, personal income receipts on assets, and government social benefits to persons (table 3). The decrease in real PCE in August primarily reflected a decrease in spending for durable goods that was partially offset by an increase in spending for services (table 7). Personal outlays increased $6.1 billion in August (table 3). Personal saving was $807.6 billion in August and the personal saving rate, personal saving as a percentage of disposable personal income, was 5.7 percent (table 1). Revisions Estimates have been revised for April through July. The percent change from the preceding month for current-dollar personal income, and for current-dollar and chained (2009) dollar DPI and PCE -- revised and as published in last month's release -- are shown below. Change from preceding month June July Previous Revised Previous Revised Previous Revised Previous Revised (Billions of dollars) (Percent) (Billions of dollars) (Percent) Personal income: Current dollars 53.9 54.2 0.3 0.3 71.6 66.1 0.4 0.4 Disposable personal income: Current dollars 46.3 46.3 0.3 0.3 60.1 51.6 0.4 0.4 Chained (2009) dollars 28.0 27.5 0.2 0.2 54.2 42.9 0.4 0.3 Personal consumption expenditures: Current dollars 69.3 66.3 0.5 0.5 42.0 45.3 0.3 0.4 Chained (2009) dollars 50.0 46.9 0.4 0.4 37.8 37.5 0.3 0.3 Next release: October 31, 2016 at 8:30 A.M. EDT Personal Income and Outlays: September 2016