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Thomas Storring Director of Economics/Statistics
Tel: 902-424-2410Email:

September 29, 2017

Today, the US Bureau of Economic Analysis reported that in August 2017, US personal income increased $28.6 billion, or 0.2 per cent (all data are seasonally adjusted at annual rates). The increase in personal income this month primarily reflected an increase in government social benefits to persons and compensation of employees.   

US personal disposable income (DPI) increased $14.9 billion, or by 0.1 per cent.  In real per capita terms, US DPI decreased 0.1 per cent.   

US personal consumption expenditures (PCE) increased $18.0 billion, or by 0.1 per cent in July.  Real PCE fell by $8.4 billion, reflecting a $20.2 billion decrease in spending on goods and a $9.2 billion increase in spending for services.   

Personal savings (DPI minus PCE, interest paid, and transfers to government and the rest of the world) was $522.9 billion in August.  The personal savings rate was 3.6 per cent of disposable income.


Source: US Bureau of Economic Analysis

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