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Personal Income and Outlays, September 2016
Personal income increased $46.7 billion (0.3 percent) in September according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $37.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $61.0 billion (0.5 percent). Real DPI increased less than 0.1 percent in September and Real PCE increased 0.3 percent. The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent. 2016 May June July Aug. Sept. Percent change from preceding month Personal income: Current dollars 0.3 0.3 0.4 0.2 0.3 Disposable personal income: Current dollars 0.3 0.3 0.4 0.2 0.3 Chained (2009) dollars 0.1 0.2 0.3 0.0 0.0 Personal consumption expenditures (PCE): Current dollars 0.3 0.5 0.3 -0.1 0.5 Chained (2009) dollars 0.2 0.4 0.3 -0.2 0.3 Price indexes: PCE 0.2 0.1 0.0 0.2 0.2 PCE, excluding food and energy 0.2 0.1 0.1 0.2 0.1 Price indexes: Percent change from month one year ago PCE 1.0 0.9 0.8 1.0 1.2 PCE, excluding food and energy 1.6 1.6 1.6 1.7 1.7 The increase in personal income in September primarily reflected increases in compensation of employees and nonfarm proprietors’ income (table 3). The increase in real PCE in September primarily reflected an increase in spending for durable goods (table 7). Personal outlays increased $59.7 billion in September (table 3). Personal saving was $797.8 billion in September and the personal saving rate, personal saving as a percentage of disposable personal income, was 5.7 percent (table 1). Updates Estimates have been updated for July and August. 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 July August Previous Revised Previous Revised Previous Revised Previous Revised (Billions of dollars) (Percent) (Billions of dollars) (Percent) Personal income: Current dollars 66.1 63.9 0.4 0.4 39.3 35.2 0.2 0.2 Disposable personal income: Current dollars 51.6 50.4 0.4 0.4 31.9 27.7 0.2 0.2 Chained (2009) dollars 42.9 39.5 0.3 0.3 10.5 4.4 0.1 0.0 Personal consumption expenditures: Current dollars 45.3 40.2 0.4 0.3 6.2 -8.0 0.0 -0.1 Chained (2009) dollars 37.5 30.8 0.3 0.3 -11.1 -26.0 -0.1 -0.2 Next release: November 30, 2016 at 8:30 A.M. EST Personal Income and Outlays: October 2016 Personal Income and Outlays Release Dates for 2017 December 2016..........January 30 April 2017.........May 30 August 2017........September 29 January 2017...........March 1 May 2017...........June 30 September 2017.....October 30 February 2017..........March 31 June 2017..........August 1 October 2017.......November 30 March 2017.............May 1 July 2017..........August 31 November 2017......December 22