US Personal Spending Rises 0.5% in September


Consumer spending in the United States increased 0.5 percent in September from August of 2016, following a 0.1 percent fall in the previous period. It is the biggest gain in three months, in line with market expectations.

Spending rebounded for durable (1.3 percent compared to -1.9 percent in August) and nondurable (0.6 percent compared to -0.1 percent) goods. Spending in services increased 0.3 percent, the same as in the previous month. 

Personal income went up 0.3 percent, higher than a 0.2 percent gain in August but lower than market expectations of a 0.4 percent increase. It primarily reflected increases in compensation of employees and nonfarm proprietors’ income. Real DPI increased less than 0.1 percent.

The PCE price index increased 0.2 percent from August (0.2 percent in the previous month). Excluding food and energy, the PCE price index edged up 0.1 percent (0.2 percent in the previous month).

US Personal Spending Rises 0.5% in September


BEA | Joana Taborda | joana.taborda@tradingeconomics.com
10/31/2016 12:44:22 PM