News Release
These data have been superseded. Please see our latest releases for current estimates and contact information.
Personal Income and Outlays, September 2015
Personal income increased $18.6 billion, or 0.1 percent, and disposable personal income (DPI) increased
$19.2 billion, or 0.1 percent, in September, according to the Bureau of Economic Analysis. Personal
consumption expenditures (PCE) increased $15.6 billion, or 0.1 percent. In August, personal income
increased $54.9 billion, or 0.4 percent, DPI increased $49.5 billion, or 0.4 percent, and PCE increased
$44.2 billion, or 0.4 percent, based on revised estimates.
Real DPI increased 0.2 percent in September, compared with an increase of 0.4 percent in August. Real
PCE increased 0.2 percent, compared with an increase of 0.4 percent.
2015
May June July Aug. Sept.
(Percent change from preceding month)
Personal income, current dollars 0.4 0.4 0.4 0.4 0.1
Disposable personal income:
Current dollars 0.4 0.4 0.5 0.4 0.1
Chained (2009) dollars 0.1 0.2 0.4 0.4 0.2
Personal consumption expenditures:
Current dollars 0.9 0.3 0.3 0.4 0.1
Chained (2009) dollars 0.6 0.1 0.2 0.4 0.2
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.
__________________
Compensation
Wages and salaries decreased $3.7 billion in September, in contrast to an increase of $36.0 billion in August.
Private wages and salaries decreased $7.0 billion, in contrast to an increase of $32.2 billion. Government
wages and salaries increased $3.3 billion, compared with an increase of $3.8 billion.
Supplements to wages and salaries increased $3.3 billion in September, compared with an increase of $6.4 billion in August.
Other personal income
Proprietors' income increased $5.6 billion in September, compared with an increase of $0.6 billion in August.
Farm proprietors' income increased $2.6 billion, the same increase as in August. Nonfarm proprietors' income
increased $3.1 billion in September, in contrast to a decrease of $2.0 billion in August.
Rental income of persons increased $2.5 billion in September, compared with an increase of $1.8 billion in
August. Personal income receipts on assets (personal interest income plus personal dividend income) increased
$5.7 billion, compared with an increase of $5.1 billion. Personal current transfer receipts increased $4.0 billion,
compared with an increase of $9.5 billion.
Contributions for government social insurance -- a subtraction in calculating personal income -- decreased
$1.0 billion in September, in contrast to an increase of $4.4 billion in August.
Personal current taxes and disposable personal income
Personal current taxes decreased $0.6 billion in September, in contrast to an increase of $5.4 billion in August.
Disposable personal income (DPI) -- personal income less personal current taxes -- increased $19.2 billion, or
0.1 percent, compared with an increase of $49.5 billion, or 0.4 percent.
Personal outlays and personal saving
Personal outlays -- PCE, personal interest payments, and personal current transfer payments -- increased
$13.7 billion in September, compared with an increase of $42.3 billion in August. PCE increased $15.6 billion,
compared with an increase of $44.2 billion.
Personal saving -- DPI less personal outlays -- was $642.8 billion in September, compared with $637.3 billion
in August. The personal saving rate -- personal saving as a percentage of disposable personal income -- was
4.8 percent, compared with 4.7 percent. For a comparison of personal saving in BEA's national income and product
accounts with personal saving in the Federal Reserve Board's financial accounts of the United States 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 0.2 percent in September, compared with an increase
of 0.4 percent in August.
Real PCE -- PCE adjusted to remove price changes -- increased 0.2 percent in September, compared with an increase
of 0.4 percent in August. Purchases of durable goods increased 0.6 percent in September, the same increase as in
August. Purchases of nondurable goods decreased 0.3 percent in September, in contrast to an increase of 0.3 percent
in August. Purchases of services increased 0.3 percent, compared with an increase of 0.4 percent.
The price index for PCE decreased 0.1 percent in September, compared with a decrease of less than 0.1 percent in
August. The PCE price index, excluding food and energy, increased 0.1 percent in September, the same increase as in August.
The September price index for PCE increased 0.2 percent from September a year ago. The September PCE price index,
excluding food and energy, increased 1.3 percent from September a year ago.
Revisions
Estimates have been revised for July and August. Changes in personal income, in current-dollar and chained (2009) dollar
DPI, and in current-dollar and chained (2009) dollar 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 69.6 66.5 0.5 0.4 52.5 54.9 0.3 0.4
Disposable personal income:
Current dollars 63.9 63.5 0.5 0.5 47.1 49.5 0.4 0.4
Chained (2009) dollars 47.7 47.3 0.4 0.4 42.5 46.9 0.3 0.4
Personal consumption expenditures:
Current dollars 45.7 41.2 0.4 0.3 54.9 44.2 0.4 0.4
Chained (2009) dollars 31.9 27.8 0.3 0.2 49.5 41.9 0.4 0.4
BEA's national, international, regional, and industry estimates; BEA news releases; and related articles in the Survey
of Current Business are available for free on BEA's Web site at www.bea.gov. The entire historical time series for
these estimates can be accessed in BEA's Interactive Data Application at www.bea.gov/itable/. Stay informed about
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can access BEA data by registering for our Data Application Programming Interface, or API at www.bea.gov/API/signup/index.cfm.
BEA's news release schedule is available at www.bea.gov/newsreleases/2015rd.htm.
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Next release - November 25, 2015 at 8:30 A.M. EST for Personal Income and Outlays for October
Personal Income and Outlays Release Dates for 2016
December 2015...February 1 April 2016...May 31 August 2016......September 30
January 2016....February 26 May 2016.....June 29 September 2016...October 31
February 2016...March 28 June 2016....August 2 October 2016.....November 30
March 2016......April 29 July 2016....August 29 November 2016....December 22