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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

October 30, 2017
US PERSONAL INCOME AND OUTLAY, SEPTEMBER 2017

Today, the US Bureau of Economic Analysis reported that in September 2017, US personal income increased $66.9 billion, or 0.4 per cent (all data are seasonally adjusted at annual rates). The increase in personal income this month primarily reflected an increase in wages and salaries and nonfarm proprieters' income.    

US personal disposable income (DPI) increased $53.0 billion, or by 0.4 per cent.  In real per capita terms, US DPI decreased 0.1 per cent.   

US personal consumption expenditures (PCE) increased $136.0 billion, or by 1.0 per cent in September.  Real PCE increased by 0.6 per cent ($76.0 billion), reflecting a $59.1 billion increase in spending on goods and a $21.6 billion increase in spending for services.   

Personal savings (DPI minus PCE, interest paid, and transfers to government and the rest of the world) was $441.9 billion in September.  The personal savings rate was 3.1 per cent of disposable income.

 

Source: US Bureau of Economic Analysis



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