Personal income increased $98.6 billion (0.6 percent) in October according to estimates released today
by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $86.5 billion
(0.6 percent) and personal consumption expenditures (PCE) increased $38.1 billion (0.3 percent).

Real DPI increased 0.4 percent in October and Real PCE increased 0.1 percent. The PCE price index
increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.

								2016
						June     July     Aug.    Sept.    Oct.
						Percent change from preceding month
Personal income:
 Current dollars		                0.4      0.4      0.3     0.4      0.6
Disposable personal income:
 Current dollars			        0.3      0.4      0.2     0.4      0.6
 Chained (2009) dollars			        0.2      0.3      0.1     0.2      0.4
Personal consumption expenditures (PCE):
 Current dollars			        0.5      0.3      0.0     0.7      0.3
 Chained (2009) dollars				0.4      0.3     -0.1     0.5      0.1
Price indexes:
 PCE 						0.1      0.1      0.2     0.2      0.2
 PCE, excluding food and energy			0.1      0.1      0.2     0.1      0.1

Price indexes:					Percent change from month one year ago
 PCE						0.9      0.8	  1.0     1.2      1.4
 PCE, excluding food and energy			1.6      1.6      1.7     1.7      1.7



The increase in personal income in October primarily reflected increases in compensation of employees
and personal interest income (table 3).

The increase in real PCE in October reflected increases in spending for durable and nondurable goods,
which were mostly offset by a decrease in spending for services (table 7).

Personal outlays increased $40.4 billion in October (table 3). Personal saving was $860.2 billion in
October and the personal saving rate, personal saving as a percentage of disposable personal income,
was 6.0 percent (table 1).

Updates

Estimates have been updated for April through September. 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

						  August 				 September
				Previous   Revised   Previous   Revised   Previous   Revised   Previous   Revised
			       (Billions of dollars)      (Percent)      (Billions of dollars)      (Percent)
Personal income:
 Current dollars                    35.2      40.8        0.2       0.3       46.7      63.2        0.3       0.4
Disposable personal income:
 Current dollars                    27.7      32.0        0.2       0.2       37.0      51.1        0.3       0.4
 Chained (2009) dollars              4.4       8.7        0.0       0.1        6.3      20.0        0.0       0.2
Personal consumption expenditures:
 Current dollars                    -8.0       5.5       -0.1       0.0       61.0      89.5        0.5       0.7
 Chained (2009) dollars            -26.0     -13.3       -0.2      -0.1       30.4      57.0        0.3       0.5

BOX._______________
		QCEW Data Included in the Second Quarter of 2016

This news release includes revised estimates of wages and salaries, personal taxes, and contributions for
government social insurance for April through June 2016 (second quarter). These estimates reflect
the incorporation of the most recently available second-quarter wage and salary tabulations from the
Quarterly Census of Employment and Wages (QCEW) program from the Bureau of Labor Statistics.
___________________

				Next release:  December 22, 2016 at 10:00 A.M. EST
				   Personal Income and Outlays:  November 2016