Personal income increased $39.3 billion (0.2 percent) in August according to estimates released
today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $31.9 billion
(0.2 percent) and personal consumption expenditures (PCE) increased $6.2 billion (less than 0.1 percent).

Real DPI increased 0.1 percent in August and Real PCE decreased 0.1 percent. The PCE price index
increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent.

                                                                2016
                                                Apr     May     Jun     Jul     Aug
                                                Percent change from preceding month
Personal income:
 Current dollars                                0.5     0.3     0.3     0.4     0.2
Disposable personal income:
 Current dollars                                0.5     0.3     0.3     0.4     0.2
 Chained (2009) dollars                         0.2     0.1     0.2     0.3     0.1
Personal consumption expenditures (PCE):
 Current dollars                                1.1     0.3     0.5     0.4     0.0
 Chained (2009) dollars                         0.7     0.2     0.4     0.3    -0.1
Price indexes:
 PCE                                            0.3     0.2     0.1     0.0     0.1
 PCE, excluding food and energy                 0.2     0.2     0.1     0.1     0.2

Price indexes:                                  Percent change from month one year ago
 PCE                                            1.0     1.0     0.9     0.8     1.0
 PCE, excluding food and energy                 1.6     1.6     1.6     1.6     1.7

The increase in personal income in August primarily reflected increases in compensation of employees,
personal income receipts on assets, and government social benefits to persons (table 3).

The decrease in real PCE in August primarily reflected a decrease in spending for durable goods
that was partially offset by an increase in spending for services (table 7).

Personal outlays increased $6.1 billion in August (table  3). Personal saving was $807.6 billion in
August and the personal saving rate, personal saving as a percentage of disposable personal income,
was 5.7 percent (table 1).

                                Revisions

Estimates have been revised for April through July. The percent change from the preceding month for
current-dollar personal income, and for current-dollar and chained (2009) dollar DPI and PCE -- revised
and as published in last month's release -- are shown below.

                                                        Change from preceding month
                                                  June                                     July
                                Previous   Revised   Previous   Revised   Previous   Revised   Previous   Revised
                               (Billions of dollars)      (Percent)      (Billions of dollars)      (Percent)
Personal income:
 Current dollars                    53.9      54.2        0.3       0.3       71.6      66.1        0.4       0.4
Disposable personal income:
 Current dollars                    46.3      46.3        0.3       0.3       60.1      51.6        0.4       0.4
 Chained (2009) dollars             28.0      27.5        0.2       0.2       54.2      42.9        0.4       0.3
Personal consumption expenditures:
 Current dollars                    69.3      66.3        0.5       0.5       42.0      45.3        0.3       0.4
 Chained (2009) dollars             50.0      46.9        0.4       0.4       37.8      37.5        0.3       0.3

                                                Next release:  October 31, 2016 at 8:30 A.M. EDT
                                                  Personal Income and Outlays:  September 2016