In September, personal income increased 0.3% from August, the United States Commerce Department’s Bureau of Economic Analysis reported, while disposable personal income increased 0.3% and personal consumption expenditures advanced 0.5%.
Real, or inflation-adjusted, DPI increased less than 0.1% in September from August, and real PCE increased 0.3%, while the PCE price index gained 0.2%. Excluding food and energy inputs, the PCE price index increased 0.1%.
The personal saving rate, with personal saving as a percentage of disposable personal income, decreased slightly in September from August, the BEA noted, while personal outlays increased slightly month over month.
The September advance in personal income primarily reflected increases in employees and nonfarm proprietors’ income compensation. The increase in real PCE primarily reflected an increase in durable goods spending, according to BEA.