Personal Income And Outlays Advance in September

Both personal income and spending increased in September, the most recent month for which data are available, a turnaround from August, when both decreased. Personal income increased 1.7% in September to a seasonally adjusted annual rate of $10.38 trillion, the U.S. Commerce Department reported on October 31. Personal spending on goods and services increased half a percentage pint to a seasonally adjusted annual rate of $8.85 trillion.

The Federal Reserve's favored measure of inflation -- the personal consumption expenditure index minus prices changes for fuel and food -- was 2% on a September-to-September basis, exactly the consensus figure among economists.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish