Click image for larger view
Bureau of Economic Analysis data showed that personal income increased $17.3 billion (0.1 percent) and disposable personal income (DPI) increased $12.9 billion (0.1 percent) in September. Personal consumption expenditures (PCE) increased $68.7 billion (0.6 percent). Real (inflation-adjusted) DPI decreased 0.1 percent while real PCE increased 0.5 percent.
Click image for larger view
With such an imbalance between the change in incomes and outlays, the personal saving rate dropped to 3.6 percent, well off the recent peak of 5.3 percent seen in June.
Click image for larger view
Click image for larger view
Consumers stepped up spending on retail goods in September, by 1.1 percent -- the largest gain in seven months. Vehicle sales saw the biggest jump ($2.4 billion or 3.6 percent) among the various categories; without the auto category, retail sales rose by 0.6 percent.
Click image for larger view
Total
consumer debt outstanding increased in September, rising by a seasonally adjusted and annualized rate of 3.6 percent. Although some other categories ticked higher, the vast majority of the increase in consumer debt originated with student loans.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.