EMBARGOED UNTIL RELEASE AT 8:30 A.M. EST, FRIDAY, NOVEMBER 8, 2013
BEA 13-51


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James Rankin: (202) 606-5301 (Personal Income) piniwd@bea.gov
Harvey Davis: (202) 606-5302 (Personal Consumption Expenditures) pce@bea.gov
PERSONAL INCOME AND OUTLAYS, SEPTEMBER 2013
Personal income increased $67.4 billion, or 0.5 percent, and disposable personal income (DPI) increased
$64.8 billion, or 0.5 percent, in September, according to the Bureau of Economic Analysis. Personal
consumption expenditures (PCE) increased $24.7 billion, or 0.2 percent. In August, personal income
increased $65.6 billion, or 0.5 percent, DPI increased $66.3 billion, or 0.5 percent, and PCE
increased $39.8 billion, or  0.3 percent, based on revised estimates.

Real disposable personal income increased 0.4 percent in September, the same increase as in August.
Real PCE increased 0.1 percent in September, compared with an increase of 0.2 percent in August.

                                        2013
                                        May             June            July            Aug.            Sept.
                                                       (Percent change from preceding month)
Personal income, current dollars        0.3             0.3             0.2             0.5             0.5
Disposable personal income:
 Current dollars                        0.3             0.3             0.3             0.5             0.5
 Chained (2009) dollars                 0.2            -0.1             0.2             0.4             0.4
Personal consumption expenditures:
 Current dollars                        0.2             0.6             0.1             0.3             0.2
 Chained (2009) dollars                 0.1             0.2             0.0             0.2             0.1

FOOTNOTE.________
Monthly estimates are expressed at seasonally adjusted annual rates, unless otherwise specified. Month-to-month
dollar changes are differences between these published estimates.  Month-to-month percent changes are calculated from
unrounded data and are not annualized.  “Real” estimates are in chained (2009) dollars.

This news release is available on BEA’s Web site at www.bea.gov/newsreleases/rels.htm.
_________________

                                Wages and salaries

Private wages and salaries increased $18.8 billion in September, compared with an increase of
$34.8 billion in August.  Goods producing industries' payrolls increased $4.4 billion, compared
with an increase of $8.0 billion; manufacturing payrolls increased $1.3 billion, compared with an increase
of $5.6 billion.  Service-producing industries' payrolls increased $14.3 billion, compared with an increase
of $27.0 billion.

Government wages and salaries increased $8.8 billion in September, compared with an increase of $2.3
billion in August.  Government wages were reduced by $7.3 billion in August and $7.7 billion in July
due to furloughs that affected several federal government agencies.

                                Other personal income

Supplements to wages and salaries increased $4.0 billion in September, compared with an increase of $4.2 billion in August.

Proprietors' income increased $25.3 billion in September, compared with an increase of $15.8 billion in August.
Farm proprietors' income increased $19.7 billion, compared with an increase of $9.5 billion.  In September, farm
proprietors’ income was boosted $10.1 billion, at an annual rate, reflecting a settlement agreement for a class-action
suit that alleged racial discrimination by the U.S. Department of Agriculture in its evaluation of farm loan applicants
between 1981 and 1996.  Nonfarm proprietors' income increased $5.6 billion in September, compared with an increase
of $6.2 billion in August.

Rental income of persons increased $6.4 billion in September, compared with an increase of $5.1 billion in August.
Personal income receipts on assets (personal interest income plus personal dividend income) increased $2.3 billion,
in contrast to a decrease of $3.6 billion. Personal current transfer receipts increased $5.6 billion, compared
with an increase of $11.6 billion.

Contributions for government social insurance -- a subtraction in calculating personal income -- increased $3.8 billion
in September, compared with an increase of $4.7 billion in August.

                                Personal current taxes and disposable personal income

Personal current taxes increased $2.6 billion in September, in contrast to a decrease of $0.8 billion in August.
Disposable personal income (DPI) -- personal income less personal current taxes -- increased $64.8 billion, or 0.5
percent, in September, compared with an increase of $66.3 billion, or 0.5 percent in August.

                                Personal outlays and personal saving

Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased $32.6 billion
in September, compared with an increase of $47.7 billion in August. PCE increased $24.7 billion, compared with an
increase of $39.8 billion.

Personal saving -- DPI less personal outlays -- was $619.9 billion in September, compared with  $587.6 billion in August.
The personal saving rate -- personal saving as a percentage of disposable personal income -- was 4.9 percent in September,
compared with 4.7 percent in August.  For a comparison of personal savings in BEA's national income and product accounts
with personal saving in the Federal Reserve Board's financial accounts of the United States (formerly called the flow
of funds accounts) and data on changes in net worth, go to www.bea.gov/national/nipaweb/nipa-frb.asp.

                                Real DPI, real PCE, and price index

Real DPI -- DPI adjusted to remove price changes -- increased 0.4 percent in September, the same increase as in August.

Real PCE -- PCE adjusted to remove price changes -- increased 0.1 percent in September, compared with an increase
of 0.2 percent in August.  Purchases of durable goods decreased 1.2 percent in September, in contrast to an increase
of 1.7 percent in August.  Purchases of motor vehicles and parts accounted for most of the decrease in September.
Purchases of nondurable goods increased 0.6 percent in September, in contrast to a decrease of 0.3 percent in August.
Purchases of services increased 0.2 percent, compared with an increase of 0.1 percent.

The price index for PCE increased 0.1 percent in September, the same increase as in August.  The PCE price index,
excluding food and energy, increased 0.1 percent in September, the same increase as in August.

                                Revisions
Estimates have been revised for July and August.  Changes in personal income, current-dollars and chained (2009) dollars DPI,
and current-dollars and chained (2009) dollars PCE for July and August -- revised and as published in last month's
release -- are shown below.

                                                                Change from preceding month
                                        July                                      August
                                        Previous   Revised   Previous   Revised   Previous   Revised   Previous   Revised
                                       (Billions of dollars)      (Percent)      (Billions of dollars)      (Percent)
Personal income:
 Current dollars                            21.2      21.7        0.2       0.2       57.2      65.6        0.4       0.5
Disposable personal income:
 Current dollars                            32.7      38.5        0.3       0.3       56.2      66.3        0.5       0.5
 Chained (2009) dollars                     19.9      25.6        0.2       0.2       36.4      47.5        0.3       0.4
Personal consumption expenditures:
 Current dollars                            18.3      14.6        0.2       0.1       34.5      39.8        0.3       0.3
 Chained (2009) dollars                      7.2       4.1        0.1       0.0       17.5      23.9        0.2       0.2

BEA's national, international, regional, and industry estimates; the Survey of Current Business; and BEA news releases are
available without charge on BEA's Web site at www.bea.gov. By visiting the site, you can also subscribe to free e-mail
summaries of BEA releases and announcements.

                                *          *          *

Next release - December 6, 2013 at 8:30 A.M. EST for Personal Income and Outlays for October

Release Dates for 2014

December 2013...January 31   April 2014...May 30      August 2014.....September 29
January 2014....March 3      May 2014.....June 26     September 2014..October 31
February 2014...March 28     June 2014....August 1    October 2014....November 26
March 2014......May 1        July 2014....August 29   November 2014...December 23