Tag Archive for ‘savings rate’

September Personal Spending and Income Up

Personal consumption expenditures was up by 0.5% in September following a 0.1% dip in August, according to the most recent data release from the Bureau of Economic Analysis. Personal income edged up by 0.3%, largely driven by an increase in employee compensation. Disposable personal income – income remaining after deducting personal income taxes – continued its steady growth. In September,… Read More ›

August Personal Consumption Softens while Income Rises

Personal Consumption Expenditures (PCE) was effectively unchanged in August, standing at $11.5 billion, according to the most recent data release from the Bureau of Economic Analysis. Meanwhile, personal income rose by 0.2%, almost half of the gain in July.  The gain in personal income was the weakest since a drop in February, as wages, the largest component, only increased 0.1% after… Read More ›