December 05, 2025

Personal Income and Outlays, September 2025

Personal income increased $94.5 billion (0.4 percent at a monthly rate) in September, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $75.9 billion (0.3 percent) and personal consumption expenditures (PCE) increased $65.1 billion (0.3 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current transfer payments—increased $70.7 billion in September. Personal saving was $1.09 trillion in September and the personal saving rate—personal saving as a percentage of disposable personal income—was 4.7 percent.

Principal Federal Economic Indicators

Gross Domestic Product
Q2 2025 (3rd)
+3.8%
Personal Income
September 2025
+0.4%
International Trade in Goods and Services
August 2025
-$59.6 B
International Transactions
Q2 2025
-$251.3 B

Noteworthy

The Latest

Personal Income and Outlays, September 2025

| News Release

Personal income increased $94.5 billion (0.4 percent at a monthly rate) in September, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI)—personal income less personal current taxes—increased $75.9 billion (0.3 percent) and personal consumption expenditures (PCE) increased $65.1 billion (0.3 percent). Personal outlays—the sum of PCE, personal interest payments, and personal current…

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2023

| News Release

Majority-owned U.S. affiliates of foreign multinational enterprises employed 8.66 million workers in the United States in 2023, a 1.9 percent increase from 8.5 million workers in 2022, according to the U.S. Bureau of Economic Analysis. These affiliates accounted for 6.2 percent of total private-industry employment in the United States in 2023.

Economic Release Schedule Update

| The BEA Wire

SUITLAND, Md. – The following update to BEA’s post-shutdown economic release schedule is currently available:

U.S. International Trade in Goods and Services, September 2025, will be will be released on Dec. 11 at 8:30 a.m. These data were originally scheduled for release on Nov. 4.

Economic Release Schedule Updates

| The BEA Wire

SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:

Gross Domestic Product by County and Personal Income by County, 2024 will be released on Feb. 5, 2026, at 8:30 a.m. These data were originally scheduled for release on Dec. 3. 

Real Personal Consumption Expenditures by State and Real Personal Income by State and Metropolitan Area, 2024 will be…

Economic Release Schedule Updates

| The BEA Wire

SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:

Gross Domestic Product, 3rd Quarter 2025 (Initial Estimate) and Corporate Profits (Preliminary) will be released on Dec. 23 at 8:30 a.m.  This report replaces what would have been Gross Domestic Product, 3rd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary) originally scheduled for release on Nov. 26.…

Economic Release Schedule Updates

| The BEA Wire

SUITLAND, Md. – The following updates to BEA’s post-shutdown economic release schedule are currently available:

Gross Domestic Product, 3rd Quarter 2025 (Advance Estimate) is cancelled. These data were originally scheduled for release on Oct. 30.

Personal Income and Outlays, September 2025, will be released on Dec. 5 at 10 a.m. These data were originally scheduled for release on Oct. 31.

Economic Release Schedule Updates: GDP and Personal Income and Outlays

| The BEA Wire

SUITLAND, Md. - The following updates to BEA’s post-shutdown economic release schedule are currently available:

Gross Domestic Product, 3rd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary) will be rescheduled. These data were originally scheduled for release on Nov. 26.

Personal Income and Outlays, October 2025, will be rescheduled. These data were originally scheduled for release on Nov. 26…

Economic Release Schedule Update

| The BEA Wire

SUITLAND, Md. – The following update to BEA’s post-shutdown economic release schedule is currently available:

Activities of U.S. Affiliates of Foreign Multinational Enterprises, 2023, will be released Dec. 5 at 8:30 a.m. These data were originally scheduled for release on Nov. 21.

BEA’s economic release schedule will continue to be updated as information becomes available.

U.S. International Trade in Goods and Services, August 2025

| News Release

The U.S. goods and services trade deficit decreased in August 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit decreased from $78.2 billion in July (revised) to $59.6 billion in August, as exports increased and imports decreased. The goods deficit decreased $18.1 billion in August to $85.6 billion. The services surplus increased $0.5 billion in August to $26.1 billion.

Economic Release Schedule Updates

| The BEA Wire

SUITLAND, Md. - The following updates to BEA’s post-shutdown economic release schedule are currently available:

U.S. International Trade in Goods and Services, August 2025, will be released Nov. 19 at 8:30 a.m. These data were originally scheduled for release on Oct. 7.

Services Supplied Through Affiliates, 2023, will be released Nov. 19 at 10 a.m. These data were originally scheduled for release on Oct. 7.

BEA’s economic…