The BEA's Personal Income and Outlays report for September 2018 shows personal income increased $35.7 billion in September.

Income

  • Personal income increased $35.7 billion (0.2 percent).
  • Disposable personal income (DPI) increased $29.1 billion (0.2 percent)
  • Real DPI increased 0.1 percent in September.

Personal Consumption Expenditures

  • Personal consumption expenditures (PCE) increased $53.0 billion (0.4 percent).
  • Real PCE increased 0.3 percent.

PCE Price Index

  • The PCE price index increased 0.1 percent.
  • Excluding food and energy, the PCE price index increased 0.2 percent.

RECOMMENDED ARTICLES

Updates to Personal Income and Outlays

Image placeholder title

The percent change from the preceding month for current-dollar personal income, and for current-dollar and chained (2012) dollar DPI and PCE -- revised and previously published in last month's release -- are shown above.

The BEA revised both July and August.

This data is reflected in the BEA's first estimate of third-quarter GDP last Friday.

Mike "Mish" Shedlock

Personal Income Up 0.1%, Spending Up 0.6%: What's the Problem?

Personal Income is up 0.1%, spending is up 0.6%. Real Disposable Income is up 0.1%, real spending is up 0.4%.

Disposable Income and Spending Jump: Real Income and Spending is Another Matter

Disposable personal income rose 0.4%, but real income rose only 0.1%. Real personal consumption expenditures were flat.

Consumer Spending +0.2% Prices +0.4%: Real Spending Declined 0.1%

Personal income rose 0.4% in January, but consumers only spent half of the boost.

Personal Income Jumped in January, But It's a One-Time Deal

Personal income rose 0.6% in January. Real income rose 0.5%. Spending rose 0.2% and real spending only 0.1%

Personal Income Up But Real Consumer Spending Declines Second Month

The BEA’s Personal Income and Outlays report shows personal income rose 0.4% but consumer spending rose a scant 0.1% in February.

Personal Income Jumps But Spending Weak

Personal income rose 0.4% in August but spending, both nominal and real, rose a weak 0.1%

Real Personal Consumption Exenditures Rise 0.4% in April, Bonds Quiet

The BEA reports real disposable income rose 0.2% while real spending rose 0.4%.

Real Incomes Rises 0.3% in June, Real Spending 0.2%, Deflator 0.1%

Personal income and spending in June rose mostly inline with the Economic consensus.

Personal Income, Spending, PCE Inflation Up in April

Consumer spending and personal income increased by 0.4% in April, matching the Econoday consensus estimates.