Both personal income and disposable income increased 0.4 percent in September, while personal consumption expenditures (PCE) increased by a much sharper 1.0 percent. The August and September estimates of personal income and outlays reflect the effects of Hurricanes Harvey and Irma. Partly as a result, the personal savings rate slipped to 3.1 percent, down from 3.6 percent in August and the lowest rate since December 2007, at the beginning of the Great Recession.
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Monday, October 30, 2017
Personal income up 0.4 percent in September while spending spiked up 1.0 percent
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