Keeping you up to date on the latest data releases.
- Personal Income
Nominal personal income decreased 0.1 percent (non-annualized) in September, its first decrease in a year. Nominal disposable income—income less current taxes—also fell in September, ticking down 0.2 percent, following a 0.4 percent jump up in August. Over the past 12 months, disposable income is up 3.0 percent. After adjusting for price changes, “real” disposable income more than reversed a 0.2 percent gain in August, falling 0.3 percent in September. Real personal consumption rose for the fifth consecutive month after ticking up 0.1 percent in September. The series’ 12-month growth rate jumped up to 2.3 percent in September from 1.4 percent in August. As disposable income slipped in September and consumption continued on its uptrend, the personal saving rate ebbed from 5.6 percent to 5.3 percent.