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

November 30, 2017

Today, the US Bureau of Economic Analysis reported that in October 2017, US personal income increased $65.1 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 as well as interest and rental income.  There has been positive personal income growth in each of the last four months and in all but one month of 2017.

US personal disposable income increased $66.1 billion, or by 0.5 per cent.  In real per capita terms, US disposable personal income increased 0.3 per cent.   

US personal consumption expenditures increased $34.4 billion, or by 0.3 per cent in October.  This is slower than the extraordinary increase of 0.9 per cent reported for September.

Personal savings (disposable personal income minus personal consumer expenditures, interest paid, and transfers to government and the rest of the world) was $457.3 billion in October.  The personal savings rate edged up to 3.2 per cent of disposable income.

Source: US Bureau of Economic Analysis

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